Benjamin is 57 years old and married. He and his wife are blessed with five children. Benjamin has managed a farming business in his village for the past 38 years and he earned a net income of 42,000 PHP from his last harvest. He usually spends his income to cover his family’s daily expenses and to cover his children’s school fees.
Benjamin is requesting a 25,000 PHP loan to purchase fertilizer and seedlings to sell. In the future, he hopes that his farm will continue to grow productively.
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.