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Reynaldo
Reynaldo is 42 years old, a farmer who is very eager to provide a good living to his family. He tries to lift up his family from poor living and to experience a comfortable life. With this objective, he doubles his hard work in his farming business to gain better crops. He has been experienced in this field for 15 years and he knows that it is not an easy occupation. But despite that, his desire to achieve his dream inspires him to develop his business.

For this reason, he is requesting a loan of PHP 22,000 to purchase farm inputs such as seeds, fertilizers and pesticides to develop his farm more. He hopes through these inputs he can grow plenty of crops for the betterment of their living situation.

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
  • 362
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Reynaldo to purchase farm inputs such as seeds, fertilizers and pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 8, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013