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Joel
In the year 1996, Joel started to manage their rice field. He is 40 years old and is married with four children. He plants and harvests rice for sale. His wife is engaged in a hog-raising business for their additional income. They work hard to give their children a good quality of life.

He would like to expand his rice plantation, but he has inadequate capital. Therefore, Joel is asking for additional capital in the amount of 30,000 PHP to buy rice seed, fertilizers, insecticides and pay labor costs required to plant rice. He believes that this loan will help him improve the business, and he hopes that he will have a fruitful harvest.

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
  • 1646
    View loans »
    Philippines Loans Fundraising
  • $59,025,175
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Joel to buy rice seed, fertilizers, and insecticides and pay the labor costs required to plant rice.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 29, 2011
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012