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Randy
Randy L., age 31, is a rice farmer. He offers his harvested rice for sale to members of his community. Randy has been engaged in his business for over eight years and earns approximately 27,000 PHP per harvest. Randy is from the village of Canabuan Aritao, Nueva Vizcaya. He and his wife have three school-aged children.

Randy has just joined ASKI in hopes of gaining access to financial services. He wants to help improve his living situation and increase his ability to engage in business activities. Randy is requesting his first loan from ASKI in the amount of 15,000 PHP, which will be used to pay for services to increase crop yield. He plans to use the additional revenue generated from the business to financially support immediate members of his family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the central and northeastern areas. Its clients are mostly farmers, fisherfolk, and small business 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
  • 1096
    View loans »
    Philippines Loans Fundraising
  • $54,704,675
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Randy to pay for services to increase crop yield.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 24, 2011
Listed
Mar 25, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2011