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Lorenzo
Lorenzo has owned and managed a rice farming business in the village for almost 30 years. He is 52 years old and a father of five. As a responsible father, he aimed to uplift their status of living and give their children a bright future. He endures problems and hardships of life to improve their source of living.

Due to inadequate capital, he wants to ask for a loan of PHP 10,000 to buy fertilizers and pesticides and pay the labor costs to transplant rice seedlings. He hopes that in this coming harvest season, he will reap a large volume of rice and earn a higher income to use for their food and clothing and save for future emergencies.

He believes that his dream will be a reality for he has the strong faith and determination to achieve his goals.

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
  • 550
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Lorenzo to buy fertilizers and pesticides and pay labor costs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012