Funded

Total loan: $1,225
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A loan of $1,225 helped to buy rice seeds, 10 bags of urea (fertilizer), and pesticides for crop sustainability.


Teodoro's story

Teodoro, who lives at Padul, has been an experienced farmer for 18 years. He inherited farming practices from his parents. He is now 40 years old, happily married, and has three children. He is planting and harvesting rice to sell. Teodoro also hired additional laborers who helped him plant and transplant rice seedlings on his two-hectare rice field.

Teodoro wants to improve his crop production, but has insufficient funds to do so. So, he is now asking for a loan of PHP 50,000 to buy rice seeds, 10 bags of urea (fertilizer), and pesticides for crop sustainability. With the help of this loan, he will ensure a healthy growth of crops which will lead to higher production upon harvest. His income will be used for education, meals, and bills at home.

In the future, Teodoro would like to earn good profits from his business that will help lift his family out of poverty.



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 25, 2012
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: October 25, 2012
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)