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Federico
Federico is a hardworking and responsible spouse and father to his four children. Two of his children are still studying; his eldest is working and the other one is his companion in cultivating their two hectares of rice field.

Federico’s aim is to have a better way of living, let his two children finish their studies and be able to have continuous growth of his farming business. Aside from growing of rice crops, he has also engaged himself in raising hogs. Federico would like to improve his farming business but due to shortage of capital, he is seeking for a loan of PHP 25,000 allowing him to buy fertilizer, insecticides and herbicides. He is hoping for approval of his requested loan amount so he can attain his goal 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
  • 345
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Federico to buy fertilizer, insecticides and herbicides to ensure proper growth of his rice crop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 29, 2013