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Efren
Efren is applying for a new loan because he needs to invest more money in the production of basic foods. This will allow him to buy agricultural supplies such as compost, pesticide, herbicide, and insecticide, among other items. With his previous loan, his income increased, and he invested it in household expenses. His economic condition improved, thanks to the loan that Kiva granted him.

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
  • 374
    View loans »
    Philippines Loans Fundraising
  • $50,935,875
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Efren to buy agricultural supplies such as compost, pesticide, herbicide, and insecticide, among other items.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013