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Ricardo lives in Alcala with his spouse and children. He is a farmer planting and harvesting rice to sell. Ricardo has been in the business for over 10 years and usually earns 15,000 PHP during harvest season twice a year. He hopes to improve his crop production because he is educating his children.

Ricardo is asking for additional capital of 22,000 PHP to buy fertilizers and pesticides to use while farming. It will nourish his crops and someday produce an abundant harvest.

Ricardo will be very happy and proud seeing his children with good employment someday.

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
  • 1640
    View loans »
    Philippines Loans Fundraising
  • $60,717,100
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Ricardo to buy fertilizers and pesticides to use while farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Mar 25, 2013
Apr 5, 2013
Currency Exchange Loss:
Oct 23, 2013