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Danilo
Danilo is 46 years old, married, and has three children. The couple has a retail store and a farming business. In the farming business, Danilo usually gains about PHP 20,000 per harvest season, which is twice a year. He budgets his income to provide a good education for his children and as rolling capital in their businesses.

Danilo wants to keep developing his farming business in order to gain more profits, but he had insufficient capital. To pursue his plans for his business, he is borrowing a loan of PHP 50,000 which will be used to buy farm inputs for his crops, such as fertilizer, insecticides, and pesticides.

Someday, Danilo hopes to become a successful rice grower and to have a good life with his family.

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
  • 943
    View loans »
    Philippines Loans Fundraising
  • $53,488,575
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Danilo to buy fertilizer, insecticides, and pesticides for use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 30, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2013