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Merlito
Merlito grows rice to sell. He is 53 years old and a widower, and has been responsible for fulfilling the needs of his family. He plants and harvests rice to sell and also pays for laborers who helped him in the rice field.

He hopes to improve crop production, so he is seeking additional capital of PHP 30,000. He will buy farm inputs (fertilizer and pesticides) to sustain his crops and hopes to have an abundant harvest.

Merlito hopes to keep improving crop production and upgrade his family's living condition.

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
  • 1146
    View loans »
    Philippines Loans Fundraising
  • $54,688,850
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Merlito to buy farm inputs (fertilizer and pesticides) to use 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