Benedicto is 39 years old and is married to Flordeliza. Benedicto is a farmer in the Philippines, and he plants and harvests rice to sell. His business has been very helpful for him and his family. His income from the business provides their food.
Benedicto has experience in this field for almost 15 years. His income depends on the weather, but he states that most of his income comes from his crops, earning up to P45,000 per season. He has no other source of income. As a result, he is requesting a loan of P25,000 to buy rice seeds, fertilizer and insecticide for his rice production.
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.