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Rosemarie
Rosemarie is a mother who is blessed with seven children. While doing the household chores, she finds time to help her husband manage their corn and vegetable plantation in order to insure there is a good harvest. Despite the hardships in farming, they are able to endure because they want to earn and save to satisfy their needs and support their children's education. As responsible parents, they want to educate their children so that they are able to find good jobs someday.

They would like to expand their corn plantation, but they have inadequate capital. Therefore, Rosemarie is asking for additional capital in the amount of 25,000 PHP to buy corn seed, fertilizers, insecticides and pay labor costs required to plant corn. They believe that this loan will help them improve the business, and they hope that they will have a fruitful harvest.

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
  • 468
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rosemarie to buy corn seed, fertilizers, insecticides and pay labor costs required to plant corn.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 11, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012