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Being a farmer, Laurelio aims to have a fruitful harvest and earn a higher income. He aims to improve his vegetable production business to earn a higher income and satisfy his family's needs. He is a father who has two school-age children. He is raising his family in a village while planting and harvesting fruits and vegetables for sale. He aims to continue sending his children to school so that they will become professionals in the future.

He plans to plant more vegetables and raise livestock for sale but due to inadequate capital, he wants to ask for an additional PHP 15,000 to buy vegetable seeds, fertilizers, and pesticides needed in vegetable production. He hopes that his patience and hard work will enable him to improve his farming business and hopes that he will become successful in the future.

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
  • 398
    View loans »
    Philippines Loans Fundraising
  • $66,139,225
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Laurelio to buy vegetable seeds, fertilizers, and pesticides needed in vegetable production.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Apr 17, 2012
Jun 1, 2012
Currency Exchange Loss:
Oct 16, 2012