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Arsenio is 56 years of age. He is married and is blessed with 3 children. He has been growing rice for almost 30 years. His net income from the last crop is 35,000 PHP.

Arsenio is asking for a loan of 30,000 PHP to purchase fertilizers and seedlings for his farm. He felt glad that his business income is now good enough to support his family's daily needs. He would like to continue receiving loans of larger quantities in his next loan cycles to further assist in the growth and development of his business.

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
  • 947
    View loans »
    Philippines Loans Fundraising
  • $63,405,800
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Arsenio buy fertilizers and seedlings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
May 27, 2011
Jun 28, 2011
Currency Exchange Loss:
Sep 15, 2011