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Albert
Farming has been the business involvement of Albert. He is 30 years of age and still single. Albert did not finish his studies due to lack of financial support. At his very best, he helps his parents in generating income to satisfy their daily basic needs.

Albert would like to apply for his second cycle of loan, amounting to PHP 40,000, allowing him to buy farm inputs for his raised corn crops. He hopes to keep producing healthy corn crops to earn bigger income so that, when the next planting season comes, he will have the capital to use in re-planting his corn field.

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
  • 1448
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Albert to buy farm inputs for his raised corn crops.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 29, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012