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Raul
Raul is a farmer living in the mountainous region of Isabela . He is married and has five children. He has been involved in this business for over 15 years. He started farming on a quarter-acre farm and has seen his business grow through the purchase of land. Now he carries out the business on two acres of land.

His crop farming is a profitable business due to the demand for corn and rice in local towns. He is applying for a loan of PHP 20,000 in order to purchase seeds and fertilizers.

Due to the periodic water shortages, Raul hopes to acquire a water pump to irrigate the land. He plans to achieve this by saving the additional profits obtained by this loan.

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
  • 1045
    View loans »
    Philippines Loans Fundraising
  • $57,733,025
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Raul to purchase seeds and fertilizers.
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