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Edgardo
Edgardo is a farmer who owns and manages well his farm lot for a living. Farming has been his family's main source of income in their village. He is married, 46 years of age and has two children who are both school age. They live in Antagan, a far yet developed village. He is requesting a loan of PHP 25,000 as added capital to purchase agricultural supplies like seeds, fertilizers and pesticides.

He usually prefers to plant rice rather than corn. He believes that it can help him better to sustain his family's basic needs. Sometimes, life is so challenging to survive. For instance, there are the unexpected calamities like typhoons that could possibly ruin their plants and properties and cause a low harvest. Edgardo shared that for him, being optimistic in life and having a strong faith in God, whatever happens, everything will be fine, .

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
  • 1444
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Edgardo to purchase agricultural supplies like seeds, fertilizers and pesticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014