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Policarpio
Policarpio, 56 years old, chose to be single. He owns and manages a rice farming business to earn a living and support some of his brothers and sisters in their financial needs. He has been a farmer for almost 28 years and usually earns a profits of PHP 23,000 every harvest season.

Policarpio plans to increase his yields and income to renovate their house and save for future emergencies. But due to inadequate capital, he is asking for a loan of PHP 20,000 to buy the needed agricultural supplies, such as fertilizers and pesticides, to ensure a high production. Policarpio believes that he will be able to increase his yields and income as he continues to work hard and make improvements to his business.

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
  • 1168
    View loans »
    Philippines Loans Fundraising
  • $54,791,700
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Policarpio to buy fertilizers and pesticides for rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 7, 2011
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012