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Rivio
Rivio is 46 and married. He has two school-age children. He raises his family in a rural community and makes their living through farming. To sustain the necessities of his family, he aims to expand his vegetable production business to ensure a high production. Having limited capital, he wants to obtain a loan of PHP 25,000 to buy certified seeds, fertilizers and herbicides needed in vegetable production. Through this financial assistance, he believes that he will be able to expand his vegetable plantation and increase his production. Someday, he is hoping that he will improve their status of living and educate his children.

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
  • 1543
    View loans »
    Philippines Loans Fundraising
  • $56,672,675
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Rivio to buy certified seeds, fertilizers and herbicides needed in vegetable production.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 24, 2014
Listed
Apr 22, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014