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Mario
Mario is a farmer who grows rice in the Philippines. He has been in this business for 20 years. Mario is proud that his expertise in farming continually improves while he runs the business. Mario is 45 years old, married and has two school-age children. Mario’s wife is a beautician expert who does hair style cutting, manicures and pedicures. Her income provides their children's daily allowances in school.
Mario is asking for a loan of PHP 35,000 to pay for the labor cost in farming and to buy fertilizer and herbicides for plant care. He expects to use the loan wisely in his farming business.

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
  • 213
    View loans »
    Philippines Loans Fundraising
  • $52,023,300
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Mario to pay for the labor cost in farming and to buy fertilizer and herbicides for plant care.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 17, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012