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Abraham
Abraham is 50 years old and married with two children. He is in the business of farming and has been operating since 1980. He is very active and earns about P30,000 every crop season. But when he contracted polio, he neglected his business and was in trouble due to expenses for his medication. Despite his challenges, he hopes to prevail. With God’s mercy, he overcomes his difficulties.


Now that he has come through such a dilemma, he continues his farming business. The truth is, he is asking a loan of 25,000 pesos to purchase seeds, fertilizers and insecticides to use to improve his business. He hopes to gather a good harvest in the next crop season and with the profits from the loan, he will be able to save for emergency purposes and pay his younger child's school fees.

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
  • 1144
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Abraham to purchase seeds, fertilizers and insecticides to use to improve his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 9, 2011
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012