Albencencio jr. Regodos

Sudlon I, Cebu, Philippines, Philippines

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32923 - thumbnail
32923 - thumbnail
32923 - thumbnail

Albencencio jr. needed £749.86 for his business.

Amount Requested

Amount requested:


Repayment term

Repayment term:

12 Months

Activity type

Activity type:


MFI Partner

MFI partner:


Albencencio Jr Regodos is a 26 year old farmer. He lives with Nigele Ignacio and their two children, aged 5 and 2 years old.
Nigele is in 3rd year college, now taking a Bachelor of Science in Education. For the meantime his two children are being looked after by his own mother, since Nigele is away for school and he is busy on the farm. Albencencio started farming activities
from a young age, since his parents are farmers too. When he started to live with Nigele he started to plough his own land - he has two plots of about 400 square metres each. For now he only grows bitter gourds. The pictures show his last harvest of
bitter gourds from this one area. He started harvesting from that area in November last year and had a yield of about 2,000 kilos of
bitter gourds. A portion of his produce is delivered to Lamac’s hotels and chain restaurants, while the rest of his produce
is sold directly to Carbon market in Cebu city. To access more working capital for his farm business, Albencencio has been
requesting loans from Lendwithcare’s microfinance organisation Lamac Multi-Purpose Cooperative. He is a two year member of Lamac and has repaid two previosu loans. He recently requested this new loan in order to buy a new electric power spray, 100 metres of water hose, 2 big water drums and additional farm inputs like fertilisers and pesticides. With the help of his two workers he can now work efficiently in taking care of both his farms. He pays his staff about $4 each per day. Albencencio will continue to work hard on his farm so he can support the needs of his children and continue sending Nigele to school and let her finish college and find a regular job in the future. He will repay his loan in twelve months.

loan added: 12 February 2018

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Albencencio jr.'s loan Repayment schedule

Date Expected repayments Actual repayments
February 2018 £68.17 £52.15
March 2018 £56.81 £57.49
April 2018 £56.81 £58.70
May 2018 £56.81 £61.06
June 2018 £56.81 £61.49
July 2018 £56.81 £61.68

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