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Abelardo
Abelardo runs a rice farming business in his village. He grows a large area of rice in his farm. Abelardo shares that, through farming, he is able to meet his family's needs on time and to send his children to school.

Abelardo is a patient father, who does almost all of the farming activities in his farm himself, just to minimize his costs in the farming business. Abelardo is asking for a loan of PHP 50,000. He will use it to buy fertilizers and herbicides and to pay for the labor cost, for harvesting his matured rice. Abelardo believes that the loan will be a big help to him for the continued operation of his farming business.

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
  • 308
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Abelardo to buy fertilizers and herbicides and to pay for the labor cost, for harvesting his matured rice.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 27, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013