Funded

Total loan: $600
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A loan of $600 helped to buy seed and fertilizer for his farm business.


Severo's story

Severo, 54, lives with Nenita and they have six children. He owns the house they live in and it’s in Cabisera 2 province of Isabela.

Since he was a child, his parents taught him to work the land. He liked to see how the crops grew and matured. His more than 15 years’ experience in agriculture has brought him many things: the house he now lives in, furniture, appliances as well as his children’s education.

Now, he plants corn and rice on several parcels in his locality. That’s where he spends most of his day since he has to protect his crops from infestations that are currently attacking his plants.

Severo needs capital because this month the rice season starts. “In this season, profits from sales are large,” he comments. He’s grateful for the support, because it taught him to continue forward despite difficulties.

Severo will invest the money he’s requesting in the purchase of four bags of seeds. He will use the rest of the money to buy fertilizer.



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: May 14, 2012
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: May 14, 2012
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)