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Melicio
Melicio started his farming business at the age of 23. After his high school graduation, he devoted his time to cultivating his rice field. Melecio is now 29 years of age, and married with two children.

Melicio plants rice crops on his 2.2 hectares of rice fields. His main goal is to obtain a plentiful harvest this next crop season. To make this goal possible, he is asking for a loan of 40,000 Philippines pesos (PHP), which he will use to buy fertilizer, insecticides, and gasoline to ensure proper plant care of his rice crop production.

Melicio believes that his success relies on his hard work, proper farming techniques, and resourcefulness. He hopes that his loan will be granted, so that he can attain his goals in life.

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
  • 1090
    View loans »
    Philippines Loans Fundraising
  • $54,717,425
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Melicio to buy fertilizer, insecticides, and gasoline for his farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 9, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013