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Franklin
Franklin has operated his agricultural business for almost 20 years. He is grateful because he is able to provide his family's needs. Franklin is 43 years old and married, having four children. He lives simply with his wife and children. He patiently manages his farming business to earn a living. Franklin finds difficulties in managing his cornfield, but he always thinks positively and finds ways to maintain and improve his farming business.

Franklin is in need of additional working capital because his crops were destroyed by disastrous typhoons "Pedring" and "Quiel." He had been expecting a higher income this crop season but due to the said circumstance, he was not able to obtain the income he was expecting. For this reason, he is asking for a loan amount of PHP 40,000 to buy fertilizer and insecticides to improve the growth of his corn crops and maintain his farming business.

According to him, these farm inputs would really have a great impact on the development of his farming. He is hoping that he can increase his yields, allowing him to improve his living situation and give his children a better future and a quality education

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
  • 1462
    View loans »
    Philippines Loans Fundraising
  • $59,381,200
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Franklin to buy fertilizer and insecticides to improve the growth of his corn crops and maintain his farming business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 24, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012