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Teresita is a hard-working mother of four who is engaged in the farming business. She is enjoying doing farming activities to earn profits.

Teresita is 62 years of age and is married. Teresita wants to maintain the business while she can manage it. She gets a financial shortage because her expenditures in farming have increased. Cost of farm inputs now is increasing. Thus, Teresita is requesting a loan of P50,000 to buy farm inputs like seeds, fertilizers and herbicides to use in her farm. She believes that the loan will have a positive impact for the growth of her farming 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
  • 435
    View loans »
    Philippines Loans Fundraising
  • $69,631,075
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Teresita to buy farm inputs like seeds, fertilizers and herbicides to use in her farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jun 20, 2012
Aug 2, 2012
Currency Exchange Loss:
Dec 15, 2012