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Julie
Julie is 47 years old and lives with his wife and children in the province of Isabela. He has been a farmer for 20 years. Together with his wife, he plants and harvests rice for sale. His business earns PHP 20,000 every harvest season. His wife has also managed their hog-raising business for five years. The most tiresome part is clearing the piggery and taking care of the hogs day after day. They both work hard to meet their family's daily needs and to give their children daily allowances. At this time, Julie is requesting a loan of PHP 35,000 to purchase rice seedlings and fertilizers for his farm. He hopes that he can get the amount he has requested, and he promises to repay the loan on time.

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
  • 1454
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Julie to purchase rice seedlings and fertilizers for his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 4, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012