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Ireneo
Ireneo is 55 years old, married and living with his family in a rural community. He is a farmer who has cultivated his farmland by planting rice for almost 30 years. Being a responsible father, he aims to improve his livelihood in order to fulfill the daily needs of his family, especially to support the education of his four children.

To this end, he wanted to expand his rice farming business in order to increase his yields and income. Due to insufficient capital, he is requesting a loan of PHP50,000 that he will use to buy fertilizers, pesticides and to pay labor costs during land preparation. He is hoping that the loan will be granted for his business to become more progressive.

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
  • 1680
    View loans »
    Philippines Loans Fundraising
  • $58,968,050
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Ireneo to buy fertilizers and pesticides and to pay laborers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 22, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014