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Federico
Federico is 51 years of age and is married with seven children. He is a farmer working in the Philippines. Federico's wife is a housekeeper and vegetable vendor. He is asking for a loan to buy inputs needed for their farm such as fertilizers (manure), corn seeds and pesticides. He will also use the loan to pay for preparing the land. In the future, Federico hopes that his business will earn higher income from the harvest to provide for his family's necessities. He also dreams of his children finishing their education and having good futures.

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
  • 1466
    View loans »
    Philippines Loans Fundraising
  • $59,320,525
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Federico to acquire fertilizers, seeds and pesticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 23, 2011
Listed
Jun 22, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011