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Rolando
Rolando R. is from the village of Tamucco Sto.Niño, Cagayan. He is 40 years old. Rolando is married and has 4 adult children. To make a living, Rolando works in a family member's business venture in the agriculture sector, raising crops. The main source of income for the business comes from planting & harvesting corn for sale. Rolando has been engaged in his business for over 10 years and earns approximately 15,000 PHP every harvesting season.



In 2008, Rolando joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rolando has successfully repaid a previous loan of 15,000 PHP from ASKI. This previous loan was used to to purchase general farm supplies & equipment. Rolando is requesting a new loan of 18,000 PHP which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be the second loan taken out by Rolando from ASKI. He plans to use the additional revenue generated from the business to improve/expand his business.



About ASKI:



ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolk and small entrepreneurs.



*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 293
    View loans »
    Philippines Loans Fundraising
  • $52,093,400
    Funds lent in using Kiva
  • 46.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Rolando to purchase additional seeds, seedlings & young crops to raise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 26, 2009
Listed
Dec 8, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010