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Armando
Armando has been engaged in an agricultural business for ten years. He plants and harvest rice crops for sale. Armando is a married man and is blessed with four children. Three of his children currently go to school while the other one is graduating this June 17, 2012.

Armando’s main priority is to let his children finish their studies because it’s the only inheritance he could give to them. This situation pushes him to strive hard to be able to make this dream come true.

Armando would like to take out a loan of PHP 20,000 which will be used to buy fertilizers, pesticides and other farm inputs to improve his crop production. He hopes that he will obtain this requested loan amount in order to gain more profits and keep producing healthy crops. Through this amount, he can save some amount of money to give his children a bright future.

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
  • 355
    View loans »
    Philippines Loans Fundraising
  • $50,890,275
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Armando to buy fertilizers, pesticides and other farm inputs to improve his crop production.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012