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Reynaldo
Reynaldo is forty-two years old, married, and has five children. His wife's business is raising hogs to sell. Reynaldo is in the rice farming business. He has been planting and harvesting rice to sell for almost fifteen years. Reynaldo and his wife earns about PHP 15,000 a month from their businesses. They still aim for business growth.

With this objective, Reynaldo is borrowing a loan of PHP 15,000 to buy fertilizers, insecticides and rice seeds to grow. With proper maintenance of the business, Reynaldo is confident that someday he will achieve an abundant harvest which will pay for his children's education expenses.

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
  • 243
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Reynaldo to buy fertilizers, insecticides and rice seeds to grow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 25, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012