Benjamin is 51 years old and married with four children. For the past 30 years, he has been a rice farmer working in the Philippines. He earns an average of 50,000 PHP each harvest season during the months of April and November.
Benjamin is requesting a loan to buy fertilizer, seeds, and herbicide to use in his farming. He will also use his loan to buy crude oil to maintain the hand tractor he uses to till his rice field. He hopes that this loan will increase his rice production. In the future, he hopes to expand his business and improve his family’s standard of living.
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.