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Margie
Margie is a diligent mother of three children. She always prioritizes her children's needs, especially their education. Margie and her husband grow rice in their fields. They have been managing their farm since they got married. Margie and her husband wish to see their children as professionals someday; thus, they are really doing their best to earn a higher income in order to save for the school fees. Margie admits that she is having difficulty in providing their farm needs since their children's needs in school are getting bigger. With that, she decided to borrow a loan amounting 35,000 PHP to buy fertilizers and herbicides for the farm's rice. She hopes that Kiva lenders will approve her requested loan for it will really help in their rice farming business.

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
  • 296
    View loans »
    Philippines Loans Fundraising
  • $50,700,950
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Margie to buy fertilizers and herbicides for the farm's rice.
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:
Dec 22, 2013