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Florentino is 58 years of age and married with three children. He is into the farming business and has been doing this for already 30 years. With his desire to further improve his farming activities and produce more sacks of rice, he is requesting additional capital. He said that the 25,000 PHP (Philippines pesos) loan will be of help for him to purchase seeds, pesticides and fertilizers. Florentino is very positive the lenders will approve his loan request. His income in the business mostly supplements the educational expenditures of his children.

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
  • 1874
    View loans »
    Philippines Loans Fundraising
  • $61,001,400
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Florentino to buy seeds, pesticides and fertilizers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
May 22, 2013
Jun 3, 2013
Currency Exchange Loss:
Nov 19, 2013