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Edgardo
Edgarso's business is raising crops, primarily planting and harvesting rice to sell. He has been doing this since he got married to Delaila. He cultivates a hectare ricefield. This business yields 15,000 PHP each harvest season. He applied for a loan of 25,000 PHP to improve his crops. He will buy rice seeds, fertilizer and pesticide used in farming. These farm inputs will help to ensure healthier crops that he will be able to harvest abundantly. Edgardo is now 41 years old and has three children. He is also strong enough to manage his farming business. Edgardo hopes to achieve good profits for the overall welfare of his family.

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
  • 1163
    View loans »
    Philippines Loans Fundraising
  • $54,828,800
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Edgardo buy rice seeds, fertilizer and pesticide for his farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 7, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013