Inocencia, 57 years of age, still single and living with her four siblings in one house in their village. She's been involved in a farming business for almost ten years and earned a net income of 20,000 PHP from her last cropping. Her profits were spent in her hog-raising business in order to make additional income.
Now she wants to request a loan from the generous lenders amounting to 25,000 PHP to purchase fertilizers, seedlings, and insecticides for her farm. She's hoping that her business will continue to grow and become more profitable.
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.