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Ricardo is 41 years old. He is married and has four children. He has been involved in his farm business for 20 years. He has three hectares of land where he grows rice. He sells his harvest to traders and earned about 40,000 PHP last crop season. The income will then help him to cope with the needs of his family and give his children a higher education.

Ricardo wants to obtain a loan in the amount of PHP15,000 to buy farm inputs such as fertilizers and rice seedlings. He hopes that he can get the amount he requested to further growth of his business.

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
  • 1442
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Ricardo to buy farm inputs such as fertilizers and rice seedlings.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jan 11, 2012
Mar 2, 2012
Currency Exchange Loss:
Jul 15, 2012