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Maria Luz
Maria Luz is happily married to Eriberto and they have two children. They are both farmers from Padul and they have managed two hectares of rice fields for almost 10 years now. They earn PHP 30,000 twice a year (during harvest season). The income goes for meals, school expenses, and bills at home. The rest of their income serves as additional revolving capital for the farming business.

Maria Luz would like to improve their farming practices to raise healthier crops but this requires additional capital. To meet her goal, she is now asking for a loan of PHP 50,000 to buy fertilizers and pesticides and pay for farm labor.

Someday, with a good income and profitable farming business, Maria Luz and her family will live fortunately.

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
  • 604
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Maria Luz to buy fertilizers and pesticides and to pay for farm labor.
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:
May 24, 2013