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Cherry-Ann
Cherry Ann is married and the mother of two children, both of whom attend school. In order to meet all of their needs, she and her husband grow rice and earn PHP 20,000 for each of the two crops they plant a year. She also makes money on the side by raising hogs. Cherry Ann is requesting a loan for PHP 30,000 to buy fertilizers and insecticides to ensure that she and her husband have a healthy harvest and earn a good income. She hopes to keep maintaining her business and earning a good income so she can pay for her children's education.

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
  • 349
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Cherry-Ann to buy fertilizers and insecticides for a farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013