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Arman
Arman is 30 years old, single, and operates a farming business in his village. He lives simply with his parents. Everyday, he goes in the field, where he spends most of his time of the day. He was already trained in this type of work, so even though he works in the field for the whole day, it is nothing to him. The important matter is, he is providing for the needs of his parents.

As of now, he is asking for a loan amount of P25,000 to buy corn seeds, fertilizers, and insecticides, which will be used towards the growth of his corn field. He hopes that by this season, he can get better crop production to save for his parents' needs, especially since they are getting older. He is also preparing for his own future. Arman wants that his future family will be secure, so he is doing the best that he can.

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
  • 323
    View loans »
    Philippines Loans Fundraising
  • $52,716,825
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Arman to buy corn seeds, fertilizers, and insecticides used in his corn field.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 19, 2011
Listed
Nov 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012