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Raymundo grows rice crops within his local community. He is married with three grown children. Before he began farming,he was a driver for a construction supply company. After four years, Raymundo resigned from his job and started his farming business.

Raymundo would like a loan of PHP 25,000, which will be used to buy eight sacks of fertilizer and insecticides. By applying these farming materials, he would be able to improve his rice crop production and ensure good yields and profit. He hopes that he can continue to access financial support from lenders so he can continue to support his family's basic needs and save for emergencies such as illness.

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
  • 1940
    View loans »
    Philippines Loans Fundraising
  • $61,097,225
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Raymundo to buy eight sacks of fertilizer and insecticides to ensure proper growth of his rice crop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jan 21, 2013
Jan 30, 2013
Currency Exchange Loss:
Apr 30, 2013