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Rene
Rene F. is from the village of Brgy. Barat, Bambang, Nueva Vizcaya. He is 48 years old. Rene is married and has four school-age children. He has been operating his rice-farming business for almost 25 years now. His earnings of 20,000 Philippine pesos (PHP) per harvest are being utilized for the school expenses of his children and for his family's daily needs.

Rene joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rene is requesting a new loan of 15,000 PHP, which will be used to purchase fertilizers such as manure. He plans to use the additional revenue generated from his business to financially support members of his immediate 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 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

  • $7,000
    Average annual income
  • 1060
    View loans »
    Philippines Loans Fundraising
  • $57,698,150
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Rene to purchase fertilizers such as manure.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 29, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011