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Dennis
Dennis, a 34-year-old single man, has been growing rice for five years, earning about PHP30000 per cropping. Because of insufficient capital, he is requesting a loan of PHP27000 to buy farm supplies such as seeds, fertilizer, and pesticides. Dennis is confident that this loan will enable him to increase his income and improve both his business and his standard of living.

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
  • 875
    View loans »
    Philippines Loans Fundraising
  • $54,403,725
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Dennis to buy farm supplies such as seeds, fertilizers and pesticides.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 3, 2011
Listed
Jul 6, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011