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Benjamin
Benjamin runs a rice-farming business that has an area of 1.2 hectares. He has been managing it for almost 21 years. He is 43 years old, is married, and blessed with four children. Among his four children, one has settled in marriage, and has a separate house; two are still studying, and the other one is still single.

He and his wife are doing some field activities to minimize their labor expenses. However, they still need to hire laborers to be able to keep the expected date of sowing and transplanting, but his capital is not sufficient. So, he is asking for a loan of PHP 20,000 to buy certified seeds of rice, fertilizers, herbicides, and to pay for the labor costs of rice farming. He is hoping that he can improve the farm land and provide all the materials needed to care for his rice crop. Through his patience in cultivating and improving his rice fields, he can earn greater profit to make a living. In addition, he can support his two children in their studies.

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
  • 1239
    View loans »
    Philippines Loans Fundraising
  • $57,792,650
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Benjamin to buy farm supplies such as certified seeds of rice, fertilizers, herbicides, and to pay for the labor cost of his farming business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 10, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012