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Ronald
Ronald is married to Joana. He and his family live happily in a village and have a plan to raise their standard of living. Farming is one of their major sources of income; they plant and harvest rice for sale. They have been in this business for more than eleven years and usually earn a profit of 35,000 PHP in each harvest season.

At this time, Ronald is asking for a loan of 35,000 PHP to buy rice seeds, fertilizers, and pesticides and to pay for the labor needed for rice-planting. Ronald believes that this loan will be an enormous help to the family's hopes of increasing their yield.

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
  • 481
    View loans »
    Philippines Loans Fundraising
  • $51,011,175
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ronald to buy rice seeds, fertilizers, and pesticides and to pay for the labor needed for rice-planting.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013