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Edgar
Edgar is a proud farmer and patiently grows rice and sells them to traders in his village. He goes down the rice field everyday, both rainy or sunny. From selling the raised crop, he usually gains about PHP 15,000 each harvest season (twice in a year). Edgar had been in his farming business for almost 15 years now. He has four children who needs assistance, especially for school expenses.

Edgar would like to improve his crop production, but he had inadequate funds. That is why he is asking for a loan of PHP 50,000 to buy fertilizers(UREA), insecticides and pesticides used in the farming business.

Someday, with stable income and more crop production, Edgar will able to give a fortunate life to his family.

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
  • 391
    View loans »
    Philippines Loans Fundraising
  • $50,825,975
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Edgar buy fertilizers and pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 10, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013