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Noly
Noly has been growing corn crops on his three hectares of corn field. He has been doing this for 25 years. With the long period of time that he has devoted to his corn field, he has been able to improve their way of living. He is happily married to Marissa and they have three under school-aged children.

Noly has successfully paid back his previous loan. At this time, he is asking for new loan amount of PHP50,000 which will be use to buy farm inputs and to pay for hired labor tol plant and prepare the corn field plot. He hopes for continuous access to the financial services of KIVA lenders through ASKI. He hopes to maintain his farming business in order for him to gain more profits, which will enable him to keep producing healthy corn crops. In this way, he can sell his yield to buyers who can pay a higher price.

In the future, Noly expects more yields to harvest, so that he can send his children to a higher level of education and provide for the needs of his family.

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
  • 234
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Noly to buy farm inputs and to pay for hired labor to plant and prepare the corn field plot.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 16, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012