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Alex, a 38-year-old farmer, wants to increase his income in the next harvesting season, and so is requesting a loan of P15,000 from Alalay Sa Kaunlaran Inc. to buy corn seeds, fertilizers and pesticides. Alex hopes to increase his income in order to finance the education of his five children so that they can one day earn degrees and therefore have better opportunities in life than he has had.

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
  • 705
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alex to buy corn seeds, fertilizers and pesticides for use in his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Nov 24, 2011
Dec 2, 2011
Currency Exchange Loss:
Aug 23, 2012