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Alexander
Due to financial difficulty, Alexander did not pursue his studies in college. He kept helping his parents in cultivating their farm until he decided to get married. He is now 49 years old and has two school-aged children. Together with his wife, they are striving hard to manage their rice farming business to earn income and satisfy their basic necessities.

Despite the hardships of life, they planned to improve the business and increase their income to continue sending their children to school. He wants to ask for additional capital of 20,000 Philippines pesos to buy seeds, fertilizers and pesticides, and to pay for labor required in rice farming. He believes that the loan will help a lot to increase their crop yields this coming harvest season.

In the future, Alexander hopes that their business will grow and their children will finish their studies. He mentioned that he needs to endure hardships and pursue the business to make his dream come true.

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
  • 361
    View loans »
    Philippines Loans Fundraising
  • $52,107,000
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Alexander to buy seeds, fertilizers and pesticides and pay for labor required in rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 23, 2011
Listed
Aug 31, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012