Grace is the youngest among five siblings. She is 20 years old, single and still studying. Grace aims to help her parents in generating income. So at her very young age, she decided to borrow a loan of PHP 30,000 that will be used to maintain their family rice crop production.
The amount she requested will be use to purchase fertilizer, insecticides and pay for labor costs in transplanting her rice farm. She knows that through providing her parents with additional capital surely, they can obtain better yields and income throughout the harvest season. Grace hopes that lenders will grant her requested loan in order to have a greater income, finish her studies and have a comfortable lifestyle someday.
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.