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Herminio
As farmers, Herminio and Grace make sure that their farm is well maintained. The couple carefully plans their farming strategies to take advantage of their one hectare rice field to produce plentiful yields next season. Herminio hopes that his farming business will further grow so he can educate his two children and give them a better way of living.

Herminio would like to take out another loan amounting to PHP37,000. He will use this amount in purchasing farm supplies, such as fertilizer and insecticides, and to pay for land preparation of his farm plot. He believes that this loan will help him in achieving his goal in life.

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
  • 276
    View loans »
    Philippines Loans Fundraising
  • $53,057,200
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Herminio to purchase farm supplies such as fertilizer and insecticides and for land preparation of rice farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013