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May
Farming is the main source of income for May's family. She is thankful because she is able to provide her family needs through her rice farming business. Her husband has been in charge of taking care of her rice field and it's been two years of sacrifices they have devoted to improve it.

May still aims to improve the growth of crops to be able to gain greater profits. Nowadays, May is suffering from a shortage of capital due to her household expenditures and the high cost of basic necessities. In this situation, May is encouraged to borrow additional capital of PHP 27,000. This amount would really help her to purchase farm supplies such as fertilizer and insecticides and to pay for the labor cost of hired laborers. She hopes that she can make her farming business more profitable so that she can acquire a greater income for her family's needs.

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
  • 1516
    View loans »
    Philippines Loans Fundraising
  • $56,672,675
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped May to purchase fertilizer and insecticides and to pay for labor costs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 4, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012