Check out some available loans that are similar to this one!
Melchor
Melchor is a farmer living in San Sebastian Ramon. He primarily grows rice crops on his 1.4 hectare rice field.

Melchor is 47 years old and married to Juvilyn, who is an Overseas Filipino Worker. The couple were blessed with three children. One of them has settled for marriage. One is single and working, while the youngest is still studying. Through the income generated from his farming business, he is able to help provide for his family's basic needs. Melchor plans to buy farming materials so he can prepare the farm plot to be planted but his income is not sufficient due to the expensive price of farming materials. Consequently, he is requesting a loan of PHP 40,000. He hopes to own a bigger farm in the future so he gives his full time running his farming business. In addition, he also hopes for his family's standard of living to improve and to be able to let his youngest child finish his studies.

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
  • 229
    View loans »
    Philippines Loans Fundraising
  • $52,032,975
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD
Expired
A loan of $950 helped Melchor to buy farming materials so he can earn a bigger income to nourish the growth of his rice crop.
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2012
Listed
May 10, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 9, 2012