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Rudy
For almost 22 years, Rudy has been in the farming business. He is now 47 years old, married and has two children: Rudylyn – 21 years old, a college graduate and Rudy Mar – 11 years old, still at the elementary level. Their house is located in Barangay San Vicente in the province of Quirino, Isabela and it is considered a hilly place. The main products in their town are corn, rice, and tobacco. Vegetables are mostly planted in the backyards of the residents.



Rudy is in need of financial assistance to maintain his .8 hectare of rice and corn field. For this, he is asking if he can have a loan of PHP 10,000.00. This loan is not enough to cover all his needs but he chose to borrow a smaller amount to make sure that he can pay it back on time. Some of the things that he would like to purchase are fertilizer and hybrid seeds for his rice field.



He will do his best in order for his business to become profitable and provide for the immediate needs of his family. According to Rudy, he should work and work and work in order to become progressive.

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
  • 1281
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Rudy additional working capital for his farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 11, 2008
Listed
Dec 10, 2008
Currency Exchange Loss:
Covered
Ended:
May 15, 2009