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Serafina
Due to hardships in life, Serafina supported her husband in managing their rice farming business to ensure a high production. She is blessed with five children and they live happily in a rural community. They aimed to improve their farming business and increase their income to satisfy their necessities and finance the education of their two children who are still in secondary and tertiary education. They want them to finish a degree and becomes professional someday.

Due to high cost of commodities and school fees, they planned to expand their rice plantation to increase their production. Serafina is asking for a loan of P33,000 to buy fertilizers and pesticides needed in rice farming. They mentioned that the loan will help them to improve their farm and increase their production.

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

  • $7,000
    Average annual income
  • 1511
    View loans »
    Philippines Loans Fundraising
  • $59,164,100
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Serafina to buy fertilizers and pesticides needed in rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 4, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012