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Erwin
Erwin is a hardworking man living in Baculud with his parents. He is a farmer who plants and harvests rice to sell; he had been in the farming business for more than five years. His income of PHP 20,000 twice a year,during harvest, goes for meals, revolving capital in the business, and other bills at home.

He hopes to keep nourishing his crops to attain a plentiful harvest, which is why he is now borrowing PHP 50,000 to buy fertilizer and insecticides to use in farming.

In the future, Erwin hopes to keep improving his farming business to achieve a bountiful harvest that will help improve his family's living conditions.

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
  • 1009
    View loans »
    Philippines Loans Fundraising
  • $54,488,350
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Erwin to buy fertilizer and insecticides for farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013