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Teresita
Teresita is 52 years old, married to Armando and has six children. To make a living, the couple raise crops to sell. They have planted and harvested rice for over 10 years now and usually make PHP 15,000 each harvest season. Their profits are used for food and for revolving capital for the farming business.

Teresita is taking the loan so she can invest in making her crops healthier through applying fertilizers and insecticides. She is asking for PHP 20,000 to buy five bags of fertilizers and three liters of insecticides used in farming.

Teresita hopes to achieve an abundant yield every harvest season and to attain financial stability someday.

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
  • 1537
    View loans »
    Philippines Loans Fundraising
  • $56,698,350
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Teresita to buy five bags of fertilizers and three liters of insecticides used in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013