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Armenio
Armenio owns six hectares of rice field within his locality. He has managed this kind of business for 32 years. He is a hardworking father and responsible husband. He is happily married and has been blessed with three children.

Armenio would like to seek additional capital of PHP 30,000 due to the many hectares of rice field he operates. He will use this amount to buy essential insecticides and fertilizer to keep his rice field productive. Armenio knows that this loan will have much to do with the improvement of his rice crops because he could nourish them with complete farm supplies. He just hopes and prays that lenders will grant his requested amount of loan so he could sustain his family's well-being and send his three children to a higher level of education.

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
  • 1438
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Armenio to buy farm supplies to improve his rice farming business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013