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Teodoro
Teodoro, who lives at Padul, has been an experienced farmer for 18 years. He inherited farming practices from his parents. He is now 40 years old, happily married, and has three children. He is planting and harvesting rice to sell. Teodoro also hired additional laborers who helped him plant and transplant rice seedlings on his two-hectare rice field.

Teodoro wants to improve his crop production, but has insufficient funds to do so. So, he is now asking for a loan of PHP 50,000 to buy rice seeds, 10 bags of urea (fertilizer), and pesticides for crop sustainability. With the help of this loan, he will ensure a healthy growth of crops which will lead to higher production upon harvest. His income will be used for education, meals, and bills at home.

In the future, Teodoro would like to earn good profits from his business that will help lift his family out of poverty.

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
  • 258
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Teodoro to buy rice seeds, 10 bags of urea (fertilizer), and pesticides for crop sustainability.
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