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Alfredo
Alfredo, a father of four grown children, is 51 years old and has been a farmer for 28 years, earning an average net income of P25,000 every cropping season, usually in the months of April and November in the Philippines. His aim is to have a stable source of income to satisfy his family's basic needs and improve their house to live more comfortably.



Alfredo is requesting a loan of P10,000 to finance his agricultural business. He will buy fertilizers for his crop, fingerlings to raise in his fishpond as an extra source of income, and feed for the fish. He believes that through patience and hard work, he can strengthen his business and improve his family's standard of living someday.

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
  • 1342
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Alfredo to buy fertilizers for his crop, fingerlings to raise in his fishpond as an extra source of income, and feed for the fish.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 12, 2011
Listed
Jul 31, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012