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Rosemarie
Rosemarie is 49 years old, married, and has four children who are still in school. She helps her husband maintain the farming business which they have cultivated for over 10 years now. They plant and harvest rice to sell. Rosemarie would like to improve crop production so she is now asking for a loan of PHP 15,000 to invest for farm inputs. She will buy fertilizers and pay labor costs. This will help ensure healthy crops during harvest, leading to an increase in profits.

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
  • 1159
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Rosemarie to buy fertilizers and pay labor costs for farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 22, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013