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Jerson
To make living, Jerson has a rice farming business. He started this business when he was 20 years old. He is lucky to be married to a teacher. Now, Jerson is 29 years of age and already has two children.

Jerson's primary source of income which enables him to provide for his family's daily food and other household expenses is farming. He has been in this business for nine years. With the high cost of farm inputs now, Jerson is asking for a loan of 27,000 Philippine Pesos (PHP) to buy fertilizer, seed, and herbicides that he will use in rice farming.

Jerson desires to get better yield yearly to earn higher income and save some of it. He hopes to attain his desire in the future.

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
  • 426
    View loans »
    Philippines Loans Fundraising
  • $52,684,250
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Jerson to buy fertilizers, seeds and herbicides that he will use in rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 23, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012