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Melchor
Melchor says growing plants is just like caring for a child. He is 47 years old and operates his 1.2-hectares of rice fields. In 22 years of developing his farm plot, Melchor is able to improve his living conditions and educate his two children. Melchor's wife is an Overseas Filipino Worker (OFW).

Melchor youngest child is a college student on whom he spent his gained profit. His main goal now is to increase his profit so he could let his youngest child finish his degree and have a stable source of income. Melchor plans to purchase necessary farm supplies to ensure proper growth of his rice crops and also to pay hired laborers who will cultivate his farm land. He is requesting additional working capital through a loan of PHP 40,000. He believes that his farm could be one of the best among the rice fields of San Sebastian someday because he applies good agricultural practices he acquired from training and workshops he has attended.

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
  • 240
    View loans »
    Philippines Loans Fundraising
  • $50,658,275
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Melchor to buy necessary farm supplies for his rice field and to pay hired laborers to cultivate his farm land.
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