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Restituto
Restituto is a jolly person who has no other dreams in life than to become a rich man. He means rich in love. Restituto is 47 years old and married with four children. He is a farmer working in the Philippines, planting rice in his two hectares of field.

Due to the increasing price of farm inputs like fertilizers, seeds, insecticides and herbicides, Restituto decided to borrow a loan of PHP 30,000 to buy the farm inputs and pay for the labor of land preparation and planting. He will have a big smile if he receives the loan because he will not think anymore of where he will get the budget to use in farming.

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
  • 377
    View loans »
    Philippines Loans Fundraising
  • $50,744,100
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Restituto to buy farm inputs and pay for labor.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 5, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
May 29, 2012