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Roy
Roy is 24 years old, married, and has one infant-age child. He is a farmer who is raising his family in a rural community. He aimed to increase his vegetable production and income in order to satisfy their necessities and save for future emergencies.

Due to insufficient capital, he is asking for a loan of PHP10,000 to buy fertilizers, fungicides and sulphate needed in vegetable production. He hopes that he will be having a plentiful harvest this coming harvest season.

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
  • 352
    View loans »
    Philippines Loans Fundraising
  • $50,890,275
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Roy to buy fertilizers, fungicides and sulphate needed in vegetable production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013