Check out some available loans that are similar to this one!
Being a father, Armando is responsible for providing for his family's needs and giving them a better life. At age 51, Armando aims to improve his business of buying and selling commercial and NFA (National Food Authority) rice.

Armando has four children, two of whom are still studying in college. Due to the high costs of commodities, school fees and transportation, he needs to earn a higher income to cover their needs and support the education of his two young children.

For this reason, Armando plans to sell more commercial and NFA rice to increase his income. He is asking for additional capital of PHP 25,000 to buy additional stock of the said products to sell in the market.

He hopes that this financial assistance will enable him to improve his business as he continues to work and strive harder to succeed.

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
  • 417
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Armando to buy additional stock of commercial and NFA rice to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 10, 2012
Sep 2, 2012
Currency Exchange Loss:
May 4, 2013