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Leofredo
Leofredo is always aiming for better yields and a larger profit with every crop. He strives to attain his aims. He doesn’t want his children to experience what he has had to experience. Leofredo did not finish his elementary education because his parents were not able to send him to school, even though he wanted to attain a higher level of education.

Leofredo is 43 years old, married, and has four children. The three of his children who are currently in school are in high school and college. One of his children is already finished and pursued a degree with his profits from farming. Through farming and planting rice in his field, Leofredo is able to send his children to school.

Leofredo’s goals push him to continue improving his farming techniques. He is requesting a loan of 40,000 PHP to buy hybrid rice seed, fertilizer, insecticide, and herbicide that he will use in rice farming. He hopes that the loan will help him to improve his farming techniques.

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
  • 347
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Leofredo to buy hybrid rice seed, fertilizer, insecticide, and herbicide that will use in rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 20, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012