Total loan: $75


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QUEZON, NUEVA ECIJA, Central Luzon, Philippines / Agriculture

Renato's loan finished fundraising,
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A loan helped to purchase farm inputs needed for his farmland.

Renato's story

Renato has been engaged in the agricultural business for almost five years. He is happily married to Reynosa, who takes care of their children. They are blessed with two children, who are still studying.

Farming is the family's main source of income. Renato plants vegetables and delivers them to the market to resell, using his motorcycle, once it is harvested. Through the business, he is earning at least 20,000 PHP every harvest.

According to Renato, his earnings are very helpful in supporting his family's needs and, especially, the needs of his children.

Renato dreams of having more business to generate more income. Due to a lack of capital caused by the pandemic, he decided to borrow from Alalay Sa Kaunlaran Inc. by having loans amounting to 50,000 PHP as additional revolving capital on his business.

The loan will be used in purchasing farm inputs needed on Renato's farmland.