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Tely
Tely, 47 years old, is married and blessed with three children. He farms and operates a tricycle to transport passengers. Tely shares that, even though he is tired from the field, he still operates his tricycle to generate income for his children's allowances in school. His diligence has brought forth a beautiful life for them. His son finishes college and is now working as a seaman in the ship.

With regards to his farming business, Tely wishes for a loan of PHP 28,000 to buy fertilizers and pesticides for his farm. He hopes to continue operating the business, generate good profits, and further support his youngest child's needs in pursuing his college 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

  • $1175
    Average annual income
  • 1148
    View loans »
    Philippines Loans Fundraising
  • $54,688,850
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Tely to buy fertilizers and pesticides for his farm.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 2, 2013
Listed
Sep 3, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014