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Precy has been engaged in her corn farm business for fifteen years and earns about P15,000 every harvest. She is also engaged in her sari-sari store (variety store) where she has been selling groceries, based in their home, for almost one year and earns P800 daily. She is willing to work hard every single day to lift her family out of poverty.

Precy is married to a farmer who helps her to manage their farm. According to her, through the income generated from her business she had been able to give daily allowances to her children who are currently in school.

At this time, she is requesting a loan of P 25,000 to purchase seeds and fertilizers to sustain her corn production. She hopes that she can get the amount she requested to further develop her business.

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
  • 412
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Precy to purchase seeds and fertilizers to sustain her corn production.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Oct 21, 2011
Nov 10, 2011
Currency Exchange Loss:
Jun 22, 2012