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Leonardo
Leonardo is 58 years old and married with four children. Leonardo has operated a rice-farming business in his village for 35 years.

Leonardo is finding it difficult to pay for his farming needs such as fertilizers and herbicides. In order to pay for his farming needs, Leonardo borrowed additional capital from traders with his product serving as his payment to them.

Leonardo would like to borrow additional capital of PHP 50,000 to buy farm inputs such as fertilizers, seeds and herbicides. He says that, because of the loan, he will no longer need to ask for additional capital from the traders.

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
  • 270
    View loans »
    Philippines Loans Fundraising
  • $53,135,300
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Leonardo to buy farm inputs such as fertilizers, seeds and herbicides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 15, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012