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Virgie
Virgie is optimistic person who aims to have a comfortable living condition and have a stable source of income.

Virgie grows rice crops in her two hectares of rice field. She had run this kind of business for 30 years. She is glad because the gained profits from her business have been used for their basic commodities and the education of her children during their school days. Since her five children had settled for marriage already, she decided to improve her own farming and livestock business because she doesn't want to become dependent on her children. Virgie believes that she could generate her own income without the help of her children, so she and her spouse patiently run their livestock and farming business. Virgie would like to take out a loan of PHP 15,000, allowing her to buy farm inputs such as fertilizer, insecticides, and herbicides. This requested loan amount will make a really great impact in ensuring her rice field is more productive and enabling her to earn better income.

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
  • 1252
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Virgie to buy farm inputs such as fertilizer, insecticides, and herbicides for her farming business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 16, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013