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Mario
Mario had been a farmer for almost 20 years. He plants and cultivates rice as the primary source of his income. He usually earns about 20,000 Philippine pesos (PHP) each harvest season, during the months of April and November. He has five children that attend school so he needs to increase his earnings. He wants to finance their education so that they can earn a degree, unlike him that only finished his secondary education.

He is now asking for a loan of 12,000 PHP to buy five bags of UREA (fertilizers) to be used for farming.

He hopes to increase his yield for a higher income and to improve his family's living conditions.

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
  • 1079
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Mario to buy five bags of UREA (fertilizers) to be used for farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 11, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012