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Narciso
Narciso is a hardworking and decent man. He is 40 years of age and the father of three children. His wife helps him in their farming business. They own a small plot of land where they grow rice. They were blessed with this source of income, which needs extra attention and labor to provide a good income. For this reason, he is asking for a loan of PHP 25,000 to buy fertilizers, seeds to sow and pesticides to maintain his plants.

He wishes to improve their living conditions through this loan to secure the education and future of his children.

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
  • 292
    View loans »
    Philippines Loans Fundraising
  • $52,061,650
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Narciso to buy fertilizers, seeds to sow and pesticides to maintain his plants.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 26, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013