Tessie lives in the village where the primary source of living is rice farming. She and her husband are also in that activity. They have been doing it for almost ten yearns now. With the desire to make that business even more productive, Tessie wants a loan amounting to P20,000. If granted, this amount will serve as additional capital for buying fertilizers and pesticides for her rice plants. Tessie hopes that through the amount, her yield will increase, which will also result in a higher profit. She believes that with a higher profit she will be able to send her three children for a college education.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.