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Ric
Ric is 36 years of age and married to an Overseas Filipino Worker (OFW). The couple were blessed with two children, one who is an elementary pupil and the youngest is still an infant. Ric and his wife both aim to have comfortable living conditions and stable source of income.

Ric owns a rice field where he has run this kind of business for ten years. Since his wife left him because of better opportunities, he then both stands as father and mother to his two children. He is really grateful because he can manage both his family and his farming business.

Ric plans to buy necessary farm supplies such as fertilizer and insecticides and to pay for labor cost for spraying and cleaning his rice field to become more productive. But his capital intended in purchasing all this materials is not enough, so he is requesting a loan of 30,000 PHP. He hopes to obtain this amount of loan so he could give his family a better way of living and maintain his rice farming business.

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
  • 1080
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Ric to buy farm supplies such as fertilizer and insecticides, and to pay for labor cost for spraying and cleaning his rice field.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 12, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 27, 2013