A loan of $475 helped to buy hybrid seeds and fertilizers to use in rice farming.


Loreto's story

Loreto is 37 years old, married and blessed with one child. Loreto has been engaged in a rice farming business for seven years. Loreto’s income in his business depends on the farm inputs he has used and the climate. Loreto compares his yield when planting hybrid and inbred rice. He observes that he gets a high yield when he plants hybrid seeds of rice. Loreto’s practice is planting inbred rice seeds because he does not have enough capital to buy hybrid seeds because they are costly. But Loreto desires to get a high yield of crops and therefore he is asking for a loan of 20,000 Phillipine pesos (PHP) to buy hybrid seeds and fertilizers to use in rice farming. Loreto hopes that the loan will have a positive impact on his rice farming business. With the loan he may be able to achieve a high production of rice.



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Loan details