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Vilma
Rice and corn production are the primary source of income at Annayatan, Baggao, Cagayan. Vilma lives in this village together with her spouse and two children. The couple inherited a two-hectare plot of land from their in-laws and have been cultivating it for almost 15 years.

Last crop season, they earned a yield of 35,000 PHP. Due to the expensive cost of farm inputs and daily needs at home, the profits earned were just enough to cover daily meals and the education expenses of her two children.

With her desire to improve her crop production, she is now asking for a loan of PHP 40,000 to buy seeds, fertilizers and insecticides, and also to pay for laborers who help in transplanting rice seedlings in her rice field.

In the future, Vilma would like to achieve a plentiful harvest every harvest season. She also wants to continuously educate her children so that they can achieve degrees and pursue their chosen careers for the improvement of their lives someday.

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
  • 1037
    View loans »
    Philippines Loans Fundraising
  • $54,557,775
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Vilma to buy seeds, fertilizers and insecticides, and pay for laborers who help in transplanting rice seedlings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 27, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012