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Benedicto
Benedicto is 39 years old and is married to Flordeliza. Benedicto is a farmer in the Philippines, and he plants and harvests rice to sell. His business has been very helpful for him and his family. His income from the business provides their food.

Benedicto has experience in this field for almost 15 years. His income depends on the weather, but he states that most of his income comes from his crops, earning up to P45,000 per season. He has no other source of income. As a result, he is requesting a loan of P25,000 to buy rice seeds, fertilizer and insecticide for his rice production.

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
  • 273
    View loans »
    Philippines Loans Fundraising
  • $52,821,850
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Benedicto to buy rice seeds, fertilizer and insecticide for his rice production.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 30, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012