Bienvenido, 48, is a hardworking man with three children living in the San Juan province of Isabela. His wants to educate his children and build a permanent house.
Bienvenido has been a farmer for 10 years; he started with 8000 PHP of capital. Now he's requesting a loan of 20000 PHP to buy seeds, fertilizer and insecticides for his farm. His major hardships are high fuel and transportation costs, price fluctuations and inflation. His goal is to diversify his farm.
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.