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Nelson
Nelson is 24 years old, a farmer in the Philippines who is very eager to do everything just to fulfill what he had promised to his wife. He assured his wife that he would lift her up from poor living conditions into a comfortable life. So he doubles his hard work in his farming business to improve his crops. He has six years of experience in this field, and he knows that it is not an easy occupation.

But despite that, his hunger to achieve his dream inspires him to develop his business. For this reason, he is requesting a loan amount P25,000 to purchase supplies such as corn seeds, fertilizers and pesticides and use them to develop his business. He hopes through these supplies he will be able to grow plenty of crops to save for the betterment of his living situation, and certainly fulfill his promise to his wife.

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
  • 266
    View loans »
    Philippines Loans Fundraising
  • $53,216,600
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Nelson to purchase supplies such as corn seeds, fertilizers and pesticides and use them to develop his business.
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:
Jan 19, 2013