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Edgar is an experienced entrepreneur and has been growing corn crops for 13 years. He is married to Margette who is a business-minded woman. Edgar is thankful because she helps him cultivate the farmland. She also works in their grocery store where she sells different kinds of groceries. Edgar sells his harvest at the local market.

He is requesting a loan of 27,000 PHP to expand his business. He will buy farm inputs to treat the land in order to generate more income for his family needs. Though he suffers hardships in maintaining his farming business, he does his best to make it more profitable. He hopes to improve his family's living conditions and to educate his children through the financial assistance he gets from all the KIVA lenders.

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
  • 1496
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Edgar to buy farm inputs to maintain farming business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Oct 27, 2011
Nov 12, 2011
Currency Exchange Loss:
Jun 22, 2012