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Marlo
Marlo is 43 years old, married and thankful because he has been blessed with three children.

He has been a farmer for almost 20 years. He usually plants rice and raises hogs to sell. His ambition in life is to improve the standard of living for his family and to give his children the best education possible. Sometimes, there are problems and complications, but through their strong determination, they can survive.

Marlo aims to cultivate two hectares of farm land to plant more rice. But he lacks capital, thus he wants to apply for a loan of PHP 30,000 to buy fertilizers, pesticides and rice seeds and also to pay for the labor costs required to plant rice.

He believes that this loan will help him to grow his business. He is hoping that he will have a bumper harvest to support the education of their children.

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
  • 1448
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Marlo to buy fertilizers, pesticides and rice seeds and also to pay for the labor costs required to plant rice.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 13, 2012
Listed
Apr 20, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012