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Ferdinand
Ferdinand is 58 years old. He is married and has four children. They live in Nagrumbuan, where he manages their rice field. He has been in his farm business for 20 years. He received 36,000 PHP from his last crop. His wife also raises hogs for additional family income. They are both thankful because the income they generate from their businesses helps them to meet their daily needs.

Now, Ferdinand is requesting a loan of 50,000 PHP in order to purchase rice seedlings and fertilizers for his rice farm business. He hopes that he can get the amount he requested and he is promising to repay the loan on time.

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
  • 1126
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ferdinand to purchase rice 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