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Ronald
Ronald is 24 years old, single and lives with his parents in the village where he plants and harvests corn and sells to traders. He wants to lift his family from poverty. That's why he devotes himself to his corn farming business. He has managed his corn farming business for over ten years and earned about PHP 37,000 with his last crop.

Ronald wants to borrow PHP 50,000 to purchase seedlings, pesticides and fertilizer for his farm. He hopes to maintain his business to secure his family's 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

  • $7,000
    Average annual income
  • 1463
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Ronald buy seedlings, pesticides and fertilizer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 13, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012