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Marcelo
Marcelo, 51, is very friendly and hardworking. He lives with his wife and their children. He works very hard on his own plot of land, where he grows corn. His products are of great quality, and his harvest will sell at the various markets near to his home.

Marcelo is asking for a loan amounting to 22,000 PHP (Philippines pesos) to count on the money he needs to invest in agricultural supplies like pesticides and fertilizers, manure, seeds and other things that he needs for planting crops.

He is anxious to increase his sales to be able to receive improved earnings and provide his family with financial stability.

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
  • 370
    View loans »
    Philippines Loans Fundraising
  • $50,808,425
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Marcelo to buy supplies like pesticides and fertilizers, manure, seeds and other things that he needs for planting crops.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 22, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013