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Joaquin
Joaquin is happy to live with his wife and four children. Most of the residents in their village are farmers. Joaquin is one those farmers whose primary source of income is from growing rice. Joaquin is 33 years of age and has been engaged in farming for almost 14 years.

Joaquin patiently manages his business because he has no other source of income for he and his family to live on. He has no chance for other employment because he did not finish his education. Joaquin has the perseverance to work for the future of his children. He wants them to go to college when the time comes.

Due to insufficient funds from farming, Joaquin is asking for a loan of 25,000 Philippine Pesos (PHP) to buy fertilizers and seeds. He hopes that someday he will give a better future to his family.

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

  • $7,000
    Average annual income
  • 1313
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Joaquin to buy fertilizers and seeds for his farm.
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:
May 21, 2012