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Alfredo
Alfredo, age 24, is married and has two children. He cultivates rice. During the last season in May, Alfredo earned P20,000 from his crop. He used it to pay electric bills, school fees, daily expenses, and to save for security purposes for times when his income is low. According to Alfredo, he has been cultivating two hectare of rice fields.

Alfredo is now asking for a loan of P20,000 in order to buy fertilizer and insecticides used in farming and for payments for the labor of transplanting rice in the rice fields.He hopes that he can increase his yield in the next crop so that he can provide for the financial needs of his family.

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
  • 899
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alfredo to buy fertilizer,insecticides and payments for the labor of transplanting of rice in the rice fields.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 27, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012