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Rodolfo
Rodolfo aims to have a better way of living and increase his income. To make his dream come true, he does his best to earn greater profits.

Rodolfo has 1.5 hectares of farmland on which he grows rice crop. He has worked hard for seven years and made sacrifices to make his rice field productive. The income generated from his business has been used to sustain his family's needs and support their education. He spends much on his children's education because he would like to educate them. The capital intended for his farming business is no longer enough due to the high cost of basic commodities and increase of his children's allowances. Due to having insufficient funds for his farming business, he is asking for a loan of PHP 22,000 to buy necessary farming materials to improve the farm plot and and to pay for the cost of hired laborers in preparation for the plot to be planted.

He hopes that his loan will be approved so he can succeed.

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
  • 377
    View loans »
    Philippines Loans Fundraising
  • $50,935,875
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Rodolfo to buy necessary farming materials to improve the farm plot and to pay for the cost of hired laborers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2012
Listed
May 10, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012