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Letecia
She is a woman with courage and a mother of five children. Letecia is fifty-six years of age and already a widow. Letecia’s husband died two years ago, but Letecia did not lose her hope of living happily. Her children are her inspiration to move on and continue to live.

With the help of her children, at her age, Letecia can still manage her rice farming business well. Letecia dreams of having her own savings. She doesn’t want to rely only on her children because someday her children will have their own family.

Letecia’s earnings from her rice crop are not enough to provide for her needs for the next crop. Thus, she is requesting a loan of PHP 27,000 to buy farm inputs like rice seeds, fertilizers and herbicides that she will use in rice farming. The loan will be a big help for her as it will allow her to purchase the farm inputs she needs. She hopes of gaining a higher income so she can fulfill her dream. to provide the farm inputs needed in farming.

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
  • 948
    View loans »
    Philippines Loans Fundraising
  • $53,438,925
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Letecia to buy farm inputs like rice seeds, fertilizers and herbicides that she will use in rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 23, 2012
Listed
May 6, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012