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Benjamin
Benjamin is 51 years old and married with four children. For the past 30 years, he has been a rice farmer working in the Philippines. He earns an average of 50,000 PHP each harvest season during the months of April and November.

Benjamin is requesting a loan to buy fertilizer, seeds, and herbicide to use in his farming. He will also use his loan to buy crude oil to maintain the hand tractor he uses to till his rice field. He hopes that this loan will increase his rice production. In the future, he hopes to expand his business and improve his family’s 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

  • $7,000
    Average annual income
  • 1539
    View loans »
    Philippines Loans Fundraising
  • $59,090,400
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Benjamin to buy fertilizer, seed, herbicide, and oil to maintain his hand tractor.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 24, 2011
Listed
Jul 25, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011