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Melicio
Melicio manages his 2.6 hectares of rice field, 2.5 square meters of fish pond and hog-raising business. He is married and blessed with two children.

He is thankful because, through his wife's support, financial assistance was obtained from lenders and, with his determination in life, he was able to keep his businesses productive and profitable.

Melicio still hopes for the continuous growth of his businesses, so he is asking for a bigger loan amounting to PHP 50,000. He knows that this amount of loan will enable him to ensure his rice field with necessary farm supplies such as fertilizer, insecticides and seedlings. He believes that his own success depends on how well he will handle all his businesses. He hopes that the lenders will grant his loan request for his business to become more productive and profitable.

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
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Melicio to buy farm supplies such as fertilizer, insecticides and seedlings and to use in preparing his rice plot.,.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 29, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014