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Victor
Victor is 35 years old, married, and has three children. He had worked as a laborer for two years but he decided to involve himself in corn production. He has been in this field for three years. He grows corn to sell.

Victor is now asking for a loan of PHP 10,000 to buy corn seeds, fertilizers, and insecticides to use in farming. He hopes to earn consistent profits from his business.

He also wants to improve his farming practices to upgrade his income for the college education of his children, who are currently in their elementary level of education.

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
  • 1670
    View loans »
    Philippines Loans Fundraising
  • $59,006,400
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Victor to buy corn seeds, fertilizers, and insecticides to use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 24, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012