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Madelyn
Madelyn is 35 years old, married, and has two children who are at school. She and her spouse are farmers, and together they plant and harvest rice to sell. They generate about PHP 20,000 each harvest season, twice a year. Their earnings go for education fees, meals, and revolving capital in the business.

Madelyn is now asking for a loan of PHP 40,000. She will invest the loan funds in maintaining the farming business, so it will produce an abundant harvest someday. She will buy fertilizers and insecticides for use in farming. She hopes to keep achieving good harvests in her farm business and providing good education to her children until college.

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
  • 1049
    View loans »
    Philippines Loans Fundraising
  • $57,661,375
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Madelyn to buy fertilizers and insecticides for use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013