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Riolita
At the age of 35, Riolita has four children, all of whom are in elementary school. She needs to work hard because she wishes to give them the opportunity to attend high school and college. She wants them to have a better future, and education is the only treasure she can give them.

Riolita runs a rice farming business. She and her husband manage their business, and they work together to achieve better results. Riolita always prays that she will get better yields from her crops. If she can maintain her farming business, she believes that it will be enough to continue sending her children to school.

Riolita is requesting a loan of PHP 30,000 to purchase seeds and fertilizers for her rice farming business. She looks forward to the success of her 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
  • 1291
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Riolita to purchase seeds and fertilizers for rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 26, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 28, 2012