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Nelson
Nelson, 37, is married and has two children. A farmer, he plants and harvests rice to sell.

He has wanted to increase his crop production but has had insufficient funds, which is why he is asking for an additional loan of 10,000 Philippine pesos to use in the rice field.

He will buy farm inputs (fertilizers and insecticides) and pay labour costs for farming. These investments will help him to improve his crop output, leading to a bountiful harvest some day. He will save his revenue for education purposes.

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
  • 875
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Nelson to buy farm inputs (fertilizers and insecticides) and pay labour costs for farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 13, 2014
Listed
Aug 29, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015