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Armando
Armando is a hard working father who owns and manages a rice farming business to support his family. He is 42 years old and has four school-age children. He and his wife agreed to educate their children so that they can earn a degree and become professionals someday. Despite their hardships, they have the determination to work out their plans.

Armando has been a farmer for more than 15 years earning profits of PHP 25,000 every harvest season. He wants to expand his rice plantation to ensure a high production, but due to insufficient capital he is asking for a loan of PHP 40,000 to buy fertilizers, insecticides and pay for labor costs. Through his patience and hard work, he believes that he can increase his yields and income this coming harvest season.

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
  • 1439
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Armando to buy fertilizers, insecticides and pay for the labor costs for his rice plantation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 29, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012