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Rowena
To overcome the hardships of life, Rowena and her husband aimed to improve their rice farming business by increasing their yields and income in order to meet their family needs and educate their two children. They have been farming for more than 23 years and usually earn a profit of 24,000 PHP each harvest season. They use this profit to provide food, clothing and allowances for their children.

They planned to expand their rice plantation to increase their yields; but, due to insufficient capital, Rowena is asking for a loan of 32,000 PHP in order to buy fertilizer and pesticides and to pay the labor cost incurred in planting rice. She believes that through patience and hard work, they will make an improvement in their business and increase their yields this coming harvest season.

They hope that someday, they will become financially stable and that their children will have a bright future.

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
  • 1483
    View loans »
    Philippines Loans Fundraising
  • $56,573,625
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Rowena to buy fertilizers and pesticides and to pay the labor cost incurred in planting rice.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 23, 2012
Listed
Apr 3, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012