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Teofilo
Teofilo is 37 years of age and married with two children. To support his family, he engages in his farming business. Besides himself, his wife also helps him in doing some farm activities such as planting. With their harvested rice, they are able to finance their daily expenditures. Aside from that, some of their yield serves as their daily food intake. Wanting to harvest more yield, Teofilo wants to avail himself of a loan amounting to PHP 20,000. He intends to use the loan to buy fertilizers and insecticides. According to Teofilo, that requested amount will surely assist him in improving his family's economic situation.

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
  • 1062
    View loans »
    Philippines Loans Fundraising
  • $57,698,150
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Teofilo to buy fertilizers and insecticides used in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 21, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2013