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Macario
Macario is a man who is hard-working and full of hopes. He lives with his wife and four children. His wife manages a retail store while he is in charge in taking care of their rice field. He has worked as a farmer for ten years. He is grateful to God because for a long period of time, he has been able to manage his rice field wisely. Macario and his wife work hand in hand to have a better way of living and give their children a quality education. He is happy and glad because his children are responsible in their daily assigned work at home. He has had a great time cultivating his farm land and keeping it productive. For now, he is asking for additional working capital in the amount of 40,000 PHP. He will be using this loan to buy farming supplies such as fertilizer, insecticides and herbicides, which will help him to reap a plentiful harvest this next crop season.

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
  • 306
    View loans »
    Philippines Loans Fundraising
  • $52,217,850
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Macario to buy farming supplies such as fertilizer, insecticides and herbicides for proper growth of his rice crops.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2013