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Reynaldo
Reynaldo lives peacefully with his family in their village. He has three school-aged children. Reynaldo is proud of being a farmer. He plants rice in the Philippines. He has been in this business for almost 26 years.

Reynaldo’s business serves him as a source of income. His profit from the business mostly goes for his children's fees in school and household expenses. Reynaldo has difficulties in providing farm inputs needed in rice farming because his priority is his children's education.

Renaldo is asking for a loan of P27,000 to buy rice seed, fertilizers, herbicides and insecticides for plant care. He wishes to get a better yield and gain higher income to supplement his family's needs.

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
  • 1432
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Reynaldo to buy rice seed, fertilizers, herbicides and insecticides for plant care.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 23, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012