Benjamin is a hardworking father of three school-aged children. He is 49 years old and married to Joy who is engaged in a retail business. She is helping him to improve their way of living. Benjamin has been farming for 30 years.
He earns a net income of PHP 50,000 every cropping, usually during April and November for rice. However, due to so many expenses for his family, especially in providing for the education of their children, his farming capital was affected. To purchase rice seed and fertilizers and for labor costs in farming, he is requesting PHP 20,000.
In addition to rice farming, he raises pigs to add to their profits in order to improve their way of living. He aims to lift his family from the hardship of the life they've been through in the past years and give all the needs of his children in their studies for them to finish completely and assure a brighter future.
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.