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Leofredo
Leofredo is always aiming for a better yield and a higher income from every crop. He strives to attain his aims. He doesn’t want his children to experience what he did before. Leofredo did not finish his elementary education, because his parents had no capacity to send him in school even though he wanted to attain a higher level of education.

Leofredo is 43 years of age, married, and has four children. His three children are in school--that is, in the high school and college levels of education. Through farming and planting rice in his field, Leofredo is able to send his children to school. One of his children has already finished and pursues the degree through the profit he earns by farming.

Leofredo’s aims push him to strive and continue improving his techniques in farming. He is requesting a loan of P40,000 PHP to buy hybrid rice seeds, fertilizers, insecticides, and herbicides that will he use in rice farming. He hopes that the loan will help him more in improving his techniques 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
  • 886
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Leofredo to buy hybrid rice seeds, fertilizers, insecticides, and herbicides that he 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