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Mario
Mario is a hardworking husband and responsible father to his three children. According to him, his eldest child is an Overseas Filipino Worker (OFW), while his other two children work within the Philippines only. He is grateful because his previous loan had a great impact in the improvement of his farming business.

Mario grows rice crops on his two hectares of farm plot. He has managed this business for 20 years at this time. Mario would like to take out a loan of 20,000 PHP which will be used to buy farm inputs and to pay for hired laborers who will cultivate his farm plot. He knows that this amount of loan would really help him in making his farming business more productive and profitable someday. Mario expects that his rice field will improve because of his patience, determination and hard work.

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
  • 268
    View loans »
    Philippines Loans Fundraising
  • $52,839,500
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mario to buy farm inputs and to pay for hired laborers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013