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Bonifacio Jr.
Bonifacio is 47 years old and is married. He has eight children, five of them are attending school and the rest have their own families and live by their own. Bonifacio has the drive and attitude to succeed. He spends most of his time raising crops, primarily planting and harvesting rice for future merchandise. He had been doing this for almost 10 years and usually earns a yield twice a year during the months of May and November.

He is now asking for a loan of P20,000 to buy crude oil for machines used in land cultivation, and to buy seeds and fertilizers used in farming. He needs to improve his crop production and generate more income to provide enough sustenance for the education of his children.

In the future, Bonifacio would like to yield better crops every harvest season and achieve a better quality of life.

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

  • $7,000
    Average annual income
  • 1943
    View loans »
    Philippines Loans Fundraising
  • $61,098,225
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Bonifacio Jr. to buy oil for machines used in land cultivation, and to buy seeds and fertilizers used in farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Aug 24, 2011
Sep 28, 2011
Currency Exchange Loss:
Feb 15, 2012