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Loreto
Loreto is managing his rice farm in the village of Amulungan, Rizal Santiago City. He is happily married to Milarnie R. and they have six children: two of them are already married and have their own families and four of them are still single: Rowena, 22, is a high school graduate; Loreto Jr.,19, completed only grade-IV due to lack of funds; Rhea, 14, is a 1st year high school student and Reina Mae, 8, is a grade-I pupil. The couple works hard to support the schooling of their children.



Rice farming is the main source of income of Loreto and his family. So, he is doing all his best to have high yields. He would like to buy all the farm supplies needed in his farming but his capital is not sufficient and he is requesting additional capital amounting PHP30,000 that will be used in buying fertilizer, pesticides and other supplies needed to have high yields. Through his loan he would be able to purchase all those things so he is praying that this amount will be provided.

Additional Information

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.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $1175
    Average annual income
  • 327
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Loreto buy farming supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 12, 2009
Listed
Nov 25, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010