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Abelardo
Abelardo, 58 years old, farms rice to sustain his family's daily needs. His family serves as his motivation in pursuing his goal of greater crop production. He plants and harvests rice twice a year, earning about PHP20,000 every harvest.


Abelardo would like to increase his income and so is requesting this loan to buy fertilizers and insecticides. These purchases will ensure his crops' good growth and nutrition, leading to a higher yield. If approved, Abelardo promises to pay back the loan after the harvest.

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
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Abelardo to buy fertilizers and insecticides for use in maintaining his crops.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 12, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014