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Nestor
Due to hardships, Nestor aimed to improve his rice farming business to increase his yields and income to satisfy the necessities of his family and finance the education of his children. He is 38 years old and has three schooling children.

To sustain his rice production, he would like to avail a loan of PHP 15,000 to buy the needed farm inputs, like fertilizer and herbicides. Being a hard working father, he believes that he will improve his rice farming and increase his production.

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
  • 268
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Nestor to buy the needed fertilizer and herbicides for rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 15, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2015