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Norberto
Patience and strong determination are Norberto's secrets of why he is still standing firm and able to sustain his family's needs. Despite having no stable job, he is not losing hope that he can carry his family out of poverty. He is married and has three children. Norberto engages himself in a farming business, which is the planting and harvesting of rice.

Due to the lack of capital, Norberto could not sustain his farm's needs to get better yields. In regard to this, he decided to borrow P25,000 to buy fertilizers, seeds and herbicides to complete the required needs for farming and being able to get better yields. He wants to get a higher income from farming to further support his 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
  • 1136
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Norberto to buy fertilizers, seeds and herbicides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 10, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012