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Fernando
Fernando, age 58, is a farmer. He has managed the family farming business since he was 19 years old. He has stayed single because of the hardships and difficulties he has faced in promoting his siblings' future. Nevertheless, he is still thankful, because he has the strength to continue to enhance his farmland.

Fernando is presently requesting a loan in the amount of PhP 37,000. He will use these loan funds as additional capital in order to buy seeds, fertilizers, and insecticides to make his farm more fruitful.

He hopes to increase his profits so that he can save for future and further invest in his 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

  • $7,000
    Average annual income
  • 1087
    View loans »
    Philippines Loans Fundraising
  • $57,639,825
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Fernando to buy seeds, fertilizers, and insecticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013