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Mario
Mario is a hard-working father who aims to improve his family's standard of living and give his children a bright future. He is 43 years old and has three school-aged children. He has been engaged in rice farming for almost 15 years, earning a net income of 10,000 Philippine Pesos (PHP) a month.

To improve his farm's production, he is asking for a loan of 15,000 PHP to buy fertilizer and insecticides, as well as to pay for the labor required for rice production. He is hoping that he will obtain a large quantity of rice and increase his income to satisfy his family's needs.

He believes that he will be successful someday if he continuously strives despite the hardships and difficulties of life.

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
  • 1150
    View loans »
    Philippines Loans Fundraising
  • $54,880,275
    Funds lent in using Kiva
  • 42.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Mario to buy fertilizer and insecticides, and to pay for labor required for rice production.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 14, 2011
Listed
Aug 29, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012