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Jaime
Jaime is 51, married, and has two adult children. He is a hard working father who owns and manages a rice farm business in their village, and usually earns a profit of only P23,000 in every harvest season. He aims to increase his yields and income for he wants to save for future emergencies, and put up a grocery store in the future for his wife to manage.

Due to financial difficulty, he is asking for an additional capital of P20,000 to buy seeds, fertilizers, pesticides and other expenses incurred in planting rice. He mentioned that through this loan, he will be able to expand his plantation and manage it well. He hopes that through patience and hard work, he will increase his yields and make his business grow.

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
  • 951
    View loans »
    Philippines Loans Fundraising
  • $54,434,500
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Jaime to buy seeds, fertilizers, pesticides and other expenses incurred in planting rice.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 16, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012