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Renato
Renato started to cultivate a hectare plot of land since he was 18. He grows rice to sell. The income from this business helps provide needs of his younger sister still in her studies. He has sacrificed not to enter into college anymore in giving way for his sister. Renato is now 21 years old. Though he only finished high school, he finds a way to help his parents gain an income.

He had an insufficient fund now so he would like to ask for P25,000 to buy corn seeds and fertilizers. He would like to improve his corn production so that he can really help educate his sister.

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
  • 1467
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Renato to buy corn seeds and fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 18, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012