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Lydia
Lydia has three children. She is now 51 years old and has a farming business to sustain her family. The couple plant and harvest rice to sell. They also pay additional laborers who help them in their farming business.

Lydia hopes for plentiful harvest this next crop season, but she has insufficient capital, that is why she is now borrowing a loan of PHP 40,000 to invest in her farming business. She will buy fertilizers and pay labor cost for farming.

She promises to pay back her loan in full, and she's hoping to keep her crop production productive in order to save funds for her family's future expenses.

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
  • 1651
    View loans »
    Philippines Loans Fundraising
  • $59,025,175
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Lydia to buy fertilizers and pay labor cost for farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014