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Fredy
Fredy, age 40, grows and sells vegetables to earn a living. He earns approximately PhP 500 each week from this business. He lives with his wife and child in a village in Angadanan, Isabela.

Fredy aims to earn more income in order to better provide for his family's needs, as well as to save for the future of his child. At this time, he has planted more vegetables, expecting to increase his production next season. However, due to inadequate capital, he is asking for a loan in the amount of PhP 12,000, which he will use to buy seeds and fertilizers to sustain his vegetable production.

He is confident that the loan funds will help him increase his yield.

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
  • 1245
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Fredy to buy seeds and fertilizers to sustain his vegetable production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013