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Joey is 39 years old and married with four children. To make a living, Joey and his spouse manage a farming business in which they plant, cultivate, and harvest rice. He has been in their business for almost 10 years now and earns PHP 15,000 twice a year during the harvest seasons.

Joey would like to ensure a good harvest but he has insufficient funds. He is asking for a loan of PHP 25,000 to buy rice seeds, fertilizers, and insecticides used in farming.

Joey will be happy and proud to see all of his children become professionals in their chosen careers someday. This dream motivates him to keep growing as a successful entrepreneur in their village.

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
  • 988
    View loans »
    Philippines Loans Fundraising
  • $63,408,725
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Joey to buy rice seeds, fertilizers, and insecticides for use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Oct 25, 2012
Nov 11, 2012
Currency Exchange Loss:
May 24, 2013