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Florencio
Florencio is a father of three school-aged children. His spouse is a housewife. He is now 44 years old.

Florencio is a simple farmer working in the Philippines. He wants a loan amount of 27,000 PHP to acquire farm inputs needed in his farming business such as fertilizers, rice seed and insecticides. Florencio will also use some of the loan to pay the labor fees of his hired laborer in sowing, pulling and transplanting rice in the field. In the future, he will exert his best effort to increase his farming income so that someday his family will become economically stable.

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
  • 1141
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Florencio to buy farm inputs such as fertilizers, rice seed and insecticides.
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:
Oct 18, 2011