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Eduardo
Eduardo is now 49 years old and has five grown-up children. They live in a village planting rice, vegetables, and raising livestock for sale. Since it is their main source of income, Eduardo aims to improve his farming business to increase his production and income to satisfy his family's needs and support the education of his children. Despite the hardships of living, he wants to continue sending his children to school so that they will earn degrees and find good jobs someday. In this regard, Eduardo plans to expand his rice plantation to ensure a high production. He is asking for an additional capital of PHP 50,000 to buy fertilizers, pesticides, and pay for expenses incurred in land preparation and transplanting of rice seedlings. He hopes that someday, he will improve his farming business and educate all his children, for he believes that, “If there is patience, there is progress.”

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
  • 1148
    View loans »
    Philippines Loans Fundraising
  • $54,688,850
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Eduardo to buy fertilizers, pesticides, and pay for expenses incurred in land preparation and transplanting of rice seedlings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013