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Elena
Elena is 59 years old. She is a mixed crop farmer and is also involved in hog-raising. She and her husband Gabriel are blessed with five children. She has been in the farming business for the past 22 years and has a monthly income of 5,000 PHP, which she uses to support her family. She is applying for a loan of 35,000 PHP. Elena will use the loan to buy seedlings and fertilizer for her farm. She anticipates profit from the business and will use it for her children's education. Her hopes and dreams are to buy a piece of land and venture into rice farming.

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
  • 1260
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Elena to buy sacks of fertilizer and seedlings for her farm business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 9, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013