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Lito
Lito is a farmer from Pinopoc. He is married and has children to sustain with his wife. He patiently manages his farm, where he plants and harvests rice. He also hires additional laborers who help him in planting and harvesting.

He hopes for profitable harvests, and that is why he is now borrowing money to buy fertilizers and pesticides to use in farming. He hopes to ensure good growth of crops in order to abundantly harvest good crops. This will help educate his family and lift their living condition gradually.

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
  • 427
    View loans »
    Philippines Loans Fundraising
  • $52,684,250
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Lito to buy fertilizers and pesticides to use in farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 7, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014