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Reynaldo
Reynaldo is a 48-year-old married man, residing in Sta. Luciana, Cauayan city.

To earn a living, Reynaldo operates a business venture in the agriculture sector, planting and harvesting rice for sale. He has been in this business for 25 years. Every cropping season, he earns 25,000 Philippine pesos (PHP) doing this type of business.

He has requested a loan of 30,000 PHP, which will be used to purchase fertilizers, insecticides and rice seedlings. In the future, Reynaldo wants to improve his family's living conditions and lift them out of poverty.

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
  • 229
    View loans »
    Philippines Loans Fundraising
  • $52,023,300
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Reynaldo to purchase fertilizers, insecticides and rice seedlings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 11, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012