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Faustino
Faustino is a farmer from Alcala. He is 51 years old and has four children. He plants and harvests rice to sell to traders. He gain about 20,000 PHP each harvest season twice a year. His wife is a vegetable vendor. The couple generates income for family's sustenance.

Faustino is now asking for a loan of 25,000 PHP to invest in maintaining healthy crops. He will buy fertilizers and insecticides use in farming.

Someday, Faustino hopes to gain more income to improve his harvest and save for family's future expenses.

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
  • 1074
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Faustino to buy fertilizer and insecticides to use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 26, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013