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Agustin
Agustin is already a widower and is a father of four; his one and only daughter assists him in managing their farm while his three sons are working in a government office.

Agustin grows rice and corn in their field. His wish to maintain his yield made him take out a loan of P30,000 to buy herbicides and fertilizers and to pay the labor cost during planting season. He dreams that his children will all have a good life. He is also hoping for a good harvest every year.

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
  • 340
    View loans »
    Philippines Loans Fundraising
  • $52,172,975
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Agustin to buy herbicides and fertilizers and pay for the labor cost during planting season.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 28, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013