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Marcial
Marcial is a farmer who has been raising crops for almost 20 years. Despite his farming experience, he aspires to better yields. He is married and has two children who are in high school. The inputs he needs to improve his crops are expensive, and he lacks funds. He is asking for a loan of PHP 35,000 to buy rice seeds and eight sacks of fertilizer for his farm.

Someday he would like to earn enough money to send his children to college while supporting the family's daily needs.

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
  • 1306
    View loans »
    Philippines Loans Fundraising
  • $58,008,825
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Marcial to buy rice 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:
May 21, 2012