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Marcelo
Marcelo is a farmer. He works daily in his farm with his strong desire to improve his crop production. He works full time in the maintenance of his farming business. He is 35 years old and is now widowed. He works hard to lift his family living out of poverty and to give his two children a better education.

Due to the high cost of basic commodities and farm inputs, Marcelo is requesting a loan of PHP 15,000 in order to purchase farm inputs such as seeds and fertilizers. He hopes to increase his profits so that he can sustain the financial needs of his children and save money for the future. Marcelo believes that through his patience in managing his business, he will be able to improve his family's standard of living.

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
  • 1478
    View loans »
    Philippines Loans Fundraising
  • $59,409,725
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Marcelo to purchase farm inputs such as seedlings and fertilizer to improve and increase his farm production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2013