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Herminio
Herminio's dream is to become financially stable in the future. He is 56 and a father of five. He has owned and managed 1 hectare of rice fields for almost 28 years and usually earns a profits of only P 23,000 per cropping. He works hard and endures hardships because he wants to continue sending his children to school.

He aimed to increase his yields this coming season to earn a higher income to finance the education of their children and other family needs. He requests a loan of P10,000 to buy fertilizers, pesticides and pay expenses incurred in transplanting the rice seedlings. He believes that, patience and hard work are the only key to make his dream into a reality.

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
  • 367
    View loans »
    Philippines Loans Fundraising
  • $50,935,875
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Herminio to buy fertilizer, pesticides and pay expenses incurred in transplanting rice seedlings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 29, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012