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Michael
With his desire to improve his family's living situation, Michael has devoted himself full-time to his rice farm business for eight years. He is 30 years old and is married to Marife, who also sells vegetables in the local community for additional income. They work hard to give their two children a good quality of life and to lift them out of poverty.

Now Michael is requesting a loan of 30,000 PHP to purchase seedlings and fertilizers for his rice farm business. He hopes to increase his yield with the help of this loan.

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
  • 865
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Michael to purchase seedlings and fertilizers for his rice farm business.
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