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Modesto
Modesto was born in the village of Villa Luz, in Isabela province. He is a farmer. He is married and they have two children. For the past 20 years, he has been living in the town of Ilagan and working in agriculture. He has five parcels of land which were granted to him by his father. Currently, his lands have been cleared.

He will use the PHP 40,000 from the loan to buy seeds to plant corn, and also to carry out the necessary work to prepare the soil. He is the sole support of his household, since his wife is a housewife. He is a longstanding client, and he is very grateful to the institution for the support given to him so he can continue improving his quality of life.

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
  • 1288
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Modesto to buy seeds and fertilizer for his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 21, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2012