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Lauro
Lauro is 53 years old. He and Jojita started their family 33 years ago. They have six children. They live in the community of San Juan, in the Isabela province. He makes his living through agriculture because he enjoys working in the fields. He learned this work as a child, thanks to his parents' teaching. Lauro has his own plots of land, where he sows corn and rice. Throughout the years, he has had to confront challenges such as plagues, low prices, and lack of labourers.

Lauro is an admirable family man. Because of her job, Jojita had to move to the city, so Lauro takes care of the children. He does all the cooking and cleaning as if it were nothing, on top of working in the fields. With the help of labourers, who he pays by the day for their labour, Lauro is able to speed up his agricultural chores. His sales are considerable in May. During that time of the year, the price of rice is around 11 Pesos per kilo. This is very good for him and his family.

Lauro is requesting a loan of PHP 15,000 to buy seed and fertilizer for his farm business. Lauro dreams to buy transportation services. With this, he will be able to save on transportation for himself and his produce in the future.

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
  • 954
    View loans »
    Philippines Loans Fundraising
  • $54,415,025
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Lauro to buy seed and fertilizer for his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 25, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 21, 2012