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Lily
Lily is 38, married, and blessed with one child. Her husband is a tricycle driver, which transports passengers. Her husband's daily earnings are used for their daily expenditures. Lily and her husband have planted rice in the Philippines for four years. She earns an income of approximately PHP 50,000 from her her two hectare farm. Her earnings are invested back into the farmland in order to have additional areas to plant.

Lily has gone abroad and worked as a domestic helper for four years. She works abroad because of their financial difficulties. She comes back to the Philippines when she has enough earnings that can serve as her capital for her farming business. Still, her earnings are not enough. Therefore, Lily is asking for a loan of PHP 50,000 to purchase seeds, fertilizers, insecticides, and pay for labor. She is looking forward to having a successful farming business.

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
  • 1150
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Lily to purchase seeds, fertilizers, insecticides and pay for labor.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 20, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Possible
Ended:
May 25, 2012