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Melanie
Wanting to assist her husband in providing their family needs, Melanie is also doing her best managing their farming business. At the age of 47, she now has two school-aged children. Because of that, Melanie's determination to improve their living standard has increased. To have a large crop of rice, Melanie is requesting a loan of PHP 23,000 to purchase seeds, fertilizers and pesticides. She knows that with this loan, she will have a bountiful harvest. At present, Melanie is earning PHP 25,000 per harvest. In the future, Melanie wants to double her income.

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
  • 279
    View loans »
    Philippines Loans Fundraising
  • $52,221,600
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Melanie to purchase seeds, fertilizers and pesticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 25, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012