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Albert
Albert is a responsible father who wants to give his family a better life. He is 43 years old and currently raising his family in a rural community. Due to financial difficulty, he was engages in raising fingerlings (potatoes) to generate additional income. He planned to raise more fingerlings for sale but lacks sufficient capital. To work out his plan, he is asking for an additional loan of PHP 32,000.00 to buy the needed feeds and additional fingerlings to raise. Through patience and hard work, he believes that he will improve the business and increase his income to support the education of his children.

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
  • 272
    View loans »
    Philippines Loans Fundraising
  • $52,821,850
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Albert to buy feeds and additional fingerlings to raise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 28, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013