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Lucrecia
Lucrecia is 55 years old and living peacefully in Lanna with her spouse and children. The couple have eight children; one is still attending school. Others have settled into marriage and were not able to finish their degrees due to financial instability. They were able to make PHP 15,000 each harvest season twice a year. It was just enough for the family's sustenance.

She would like to increase crop production and is now borrowing PHP 20,000 to buy farm inputs (fertilizers and pesticides) used in farming.

In the future, Lucresia would like to achieve a plentiful harvest and save income to use in times of emergencies.

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

  • $7,000
    Average annual income
  • 1491
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Lucrecia to buy farm inputs (fertilizers and pesticides) 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