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Loel is a widower and blessed with three children. He currently cultivates his one-hectare rice field and has been in the farming business for 17 years. He is grateful that through his patience and determination, he was able to provide for the needs of his family, especially the education of his children.

To further make his business grow, he would like to borrow PHP 30,000 that he can use for the maintenance of his farm. He will make use of the loan in purchasing farm supplies for his rice field. He believes that having additional capital will enable him to have a continuous flow of crop production.

Loel hopes and prays that his requested loan amount will be approved by the lenders. He is also hoping that his income will increase for the welfare of 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

  • $7,000
    Average annual income
  • 1173
    View loans »
    Philippines Loans Fundraising
  • $63,443,275
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Loel to buy farm supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jun 19, 2013
Jun 30, 2013
Currency Exchange Loss:
Dec 22, 2013