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Martin
Martin is 56 years old, married and has six children. Three of them already got married while the rest are still attending school. Martin owns a hectare plot of land which he cultivates and plants rice in it. He sells the rice to traders in their village. He earns 20,000 PHP each harvest season, twice a year. Now he would like to ensure good crop growth, so he is asking for a loan of 22,000 PHP to buy fertilizers, insecticides and pesticides used in farming.

In the future, Martin hopes to keep producing good harvest in order to gain more profits for school fees of his children.

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
  • 293
    View loans »
    Philippines Loans Fundraising
  • $53,135,300
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Martin to buy fertilizers, insecticides and pesticides used in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 17, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012