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Bonifacio
Bonifacio is 56 years old, and is married with three children. The source of income for his great family is the income received from the business of growing corn. He has been in this business for 15 years. He earned about 25,000 PHP with his last crop. He also buys and sells banana in the village where they are living.

Now, Bonifacio wants to borrow a loan of PHP 50,000 to purchase seeds and fertilizers for his corn farm business. He hopes to increase his profits so that he can sustain the financial needs of the family, save money for the future, and to give daily allowances his youngest child who currently in school.

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
  • 1283
    View loans »
    Philippines Loans Fundraising
  • $56,276,425
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Bonifacio to purchase seeds and fertilizers for his corn farm business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 27, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012