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Severo
Severo, 54, lives with Nenita and they have six children. He owns the house they live in and it’s in Cabisera 2 province of Isabela.

Since he was a child, his parents taught him to work the land. He liked to see how the crops grew and matured. His more than 15 years’ experience in agriculture has brought him many things: the house he now lives in, furniture, appliances as well as his children’s education.

Now, he plants corn and rice on several parcels in his locality. That’s where he spends most of his day since he has to protect his crops from infestations that are currently attacking his plants.

Severo needs capital because this month the rice season starts. “In this season, profits from sales are large,” he comments. He’s grateful for the support, because it taught him to continue forward despite difficulties.


Severo will invest the money he’s requesting in the purchase of four bags of seeds. He will use the rest of the money to buy fertilizer.

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
  • 247
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Severo to buy seed and fertilizer for his farm business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 14, 2012
Listed
Jun 3, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012