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Edwin
Edwin is a farmer. He works daily on his farm and has a strong desire to improve his crop production. He devotes himself full-time to maintaining his business. His wife is engaged in a hog-raising business in order to bring in additional income. They work hard in their efforts to lift their family out of poverty.

Due to the high cost of basic commodities, Edwin is requesting a loan amounting to PHP 50,000 in order to purchase farm inputs such as seedlings and fertilizer to improve and increase his farm production. He hopes to increase his profits so that he can sustain the financial needs of the family and save money for the future.

Edwin believes that through his patience in managing his business, he will be able to improve the family's standard of living.

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
  • 834
    View loans »
    Philippines Loans Fundraising
  • $54,407,775
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Edwin to purchase farm inputs such as seedlings and fertilizer to improve and increase his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 17, 2011
Listed
Oct 22, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012