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Crisencio, aged 34, is a farmer who grows rice and harvests it for sale to make an income. He has been doing this for four years now. He is married to Divina who takes care of their child and also does household chores.

Crisencio is now borrowing a loan of PHP 12,000 to buy farm inputs (fertilizers, insecticides) to use in rice farming. He hopes this will be granted to him as an additional capital so he can produce crops abundantly. Crisencio hopes that he will someday have better sales of rice so that he can give a more prosperous life to his family.

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
  • 1399
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Crisencio to buy farm inputs to use in rice farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Aug 30, 2012
Sep 30, 2012
Currency Exchange Loss:
Mar 15, 2013