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Richel
Richel's goal in life is to harvest good crops every season. Her goal will lead her to gain more income and give a better way of life for her family. Richel and her husband have run a rice farming business in their village for 11 years.

Richel has three children who are in school. She and her husband are helping each other to improve their living standards and bring their family out of poverty. They are a hard-working couple.

Richel is in need of additional assistance to maintain the business. She is requesting a loan of 40,000 Philippine Pesos (PHP) to buy fertilizers, herbicides, insecticides and seeds for farming. Richel hopes that she can manage her business well until her children attain a college level of education.

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
  • 897
    View loans »
    Philippines Loans Fundraising
  • $54,377,675
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Richel to buy fertilizers, herbicides, insecticides and seeds for farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 30, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012