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Marcelo
Marcelo is from the village of Benito Soliven, in the province of Isabela. He is 33 years old. Marcelo is married and has two school-aged children. To make a living, Marcelo owns and operates a business in the agriculture sector raising crops. While it is not the only means of generating revenue, the main source of income from the business comes primarily from planting and harvesting corn to sell. Marcelo has been engaged in his business for over 12 years and earns approximately 35,000 PHP per harvest season.

Marcelo is requesting a new loan of PHP 30,000 which will be used to purchase fertilizers such as manure. He plans to use the additional revenue generated from the business to improve and expand his 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

  • $7,000
    Average annual income
  • 1455
    View loans »
    Philippines Loans Fundraising
  • $59,291,725
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Marcelo to buy corn seeds and fertilizer.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 25, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012