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Bernardo is happily married and blessed with two intelligent children. He is 42 years old and is engaged in farming, while his wife makes soft brooms for sale in their community. Bernardo's earnings support the daily needs of his family and he wants to ensure that he can provide a good future for them. However, he is experiencing difficulty with the cost of farm materials such as fertilizer, which have become expensive lately.
To solve this dilemma, Bernardo is thinking of converting to organic farming - the traditional method of farming which is a lot cheaper than commercial farming. Such a shift to a healthier method of farming will require additional capital of PHP 28,000. This is why Bernardo wants to borrow money from a local institution.
Bernardo always hopes for the health and unity of his family. He also wants his children, Mary Ann and Mary Jane, to finish college education because he knows how important it is for his children to have a better future. At the moment, he is so proud of his children who are able to help them in making soft brooms by simply going around the community to collect the materials that they need.

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
  • 1509
    View loans »
    Philippines Loans Fundraising
  • $59,164,100
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Bernardo to convert to organic farming methods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
May 7, 2012
Jun 3, 2012
Currency Exchange Loss:
Nov 19, 2012