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Salvadora
Salvadora is a very patient and hardworking wife and mother. She is married to Francisco and they have four children who all attend school. The couple plant and harvest rice to sell to traders and they usually gain about P30,000 each harvest season, which is twice a year. The money from the business goes towards meals and allowances for their children. She aims to continuously give her children a good education which is the only inheritance she can pass on to them.

To meet her goal, she needs to increase crop production so that her income will increase too. For this, she is borrowing P40,000 to buy fertilizer, insecticides and pesticides to use in the rice field. It will nourish the crops and ensure good harvest in the future.

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
  • 1238
    View loans »
    Philippines Loans Fundraising
  • $57,816,050
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Salvadora to buy fertilizer, insecticides and pesticides to use in the rice field.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 14, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013