A loan of $600 helped to buy additional stock of commercial and NFA rice to sell.


Armando's story

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.



Loan details

Loan length:

7 months
Disbursed date: August 10, 2012
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: August 10, 2012
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)