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Lito
Lito is a farmer living in Alcala with his wife and children. He plants and harvests rice to sell to traders. He usually gains about PHP 10,000 each harvest season twice a year which goes for meals, bills at home, school fees and revolving capital in the business. He would like to keep acquiring abundant harvests on the farm but has insufficient funds. He is now asking for a loan of PHP 25,000 to buy fertilizers and insecticides used in farming.

Someday, Lito hopes to keep improving his farming practices and continue earning good profits for his family.

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
  • 863
    View loans »
    Philippines Loans Fundraising
  • $54,407,150
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Lito to buy fertilizers and insecticides used in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013