Bienvenido is 24 years old, married, and had one child. To make a living, Bienvenido raises crops, particularly planting and harvesting corn for sale. He has been in this business for almost three years and earns about P8,000 each harvest season, twice in a year. He would like to improve his crop output so he is asking for a loan of P10,000 to buy fertilizers and pesticides used in farming.
Bienvenido would like to keep producing good harvests from the business to pay for his child's education to earn a degree and good employment for the betterment of their lives 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.