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Ferdinand
Ferdinand is 58 years old and married with four children. He earns about PHP 35,000 per crop season as a farmer working in the Philippines.

Ferdinand grows rice and has been doing this for 30 years. Ferdinand is asking for a loan of PHP 48,000 to buy farm inputs such as rice seedlings, fertilizers and insecticides for the proper growth of his rice production. He hopes that he can get the amount he requested to further develop his business and to be able to continue providing his family's needs.

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
  • 291
    View loans »
    Philippines Loans Fundraising
  • $52,093,400
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Ferdinand to buy rice seedlings, fertilizers and insecticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2012
Listed
May 8, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012