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Severino
Severino is 50 years old and is married with three children. He has been energetically farming in the village where they are living for over 20 years. His farm produces almost 25,000 PHP with every harvest. His wife also sells vegetable for their additional income. They both work hard to give their children a good quality of life.

Now Severino has requested a loan of 20,000 PHP from ASKI to buy seedlings, fertilizers and insecticides for his rice field. Severino hopes to grow his business and harvest more rice to sell. He expects major changes in his family’s living standard.

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
  • 1465
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Severino to buy seedlings, fertilizers and insecticides for his rice field.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012