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Teresita and her husband are farmers who live in Iraga with their children. They plant and harvest rice to sell and usually generate an income of about 10,000 PHP, which they use for daily meals and school fees for the children.

Teresita would like to increase her crop production. It is for this reason that she is requesting a loan of 20,000 PHP. She will use this loan to buy farm inputs such as insecticides and fertilizers.

One day, she hopes to become a successful farmer and provide her family with a comfortable lifestyle.

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
  • 1429
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Teresita to buy insecticides and fertilizers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Oct 25, 2013
Nov 15, 2013
Currency Exchange Loss:
Feb 19, 2014