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Napoleon
Napoleon is 53 years old but still generates income for his family. He raises corn to sell and generates 10,000 P (Philippines pesos) each harvest season. He utilizes it to pay school fees for his youngest child. He has five children. His wife sells vegetables, too.

Napoleon is now borrowing a loan of 15,000 P to buy fertilizers and insecticides used in the farming business. This will help ensure good crop growth and an increase in income as well. Someday, he hopes to keep growing as a successful corn grower in their village.

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
  • 262
    View loans »
    Philippines Loans Fundraising
  • $53,216,600
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Napoleon to buy fertilizers and insecticides used in the farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013