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Ernesto
Ernesto is living with his parents in the village of Turod Norte, Cordon. He is 33 years old and still single. He has run and managed the family's rice fields for almost ten years with his patience and dedication to improving his rice farming business. He is requesting for a loan amounting to PHP 35,000, allowing him to purchase some farm supplies needed to improve his agricultural business. This loan would really help him in making his rice production more profitable.

Ernesto hopes that his yield for next crop season will increase so that he could provide for his family's needs. He believes that he could be a successful farmer someday, though he is facing some hardships in maintaining his rice field.

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
  • 946
    View loans »
    Philippines Loans Fundraising
  • $53,488,575
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ernesto to purchase farm supplies needed to improve his agricultural business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 16, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012