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Alberto, a farmer and a hardworking man, peacefully lives in Amulung with his wife and children. The family's viable source of income comes from farming, where they plant and harvest corn to sell. He is an optimistic person and aims to keep harvesting good crops every season. Alberto also pays for laborers who help them in the farming business. And now, he is borrowing a loan of PHP 40,000 to further develop his income. He will buy corn seeds, fertilizer, and pay labor costs in the farming business.

Someday, with a good income, Alberto will achieve financial security, which his family desires too.

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
  • 318
    View loans »
    Philippines Loans Fundraising
  • $70,661,000
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Alberto to buy corn seeds, fertilizer, and pay labor costs in the farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Nov 28, 2012
Jan 1, 2013
Currency Exchange Loss:
Aug 23, 2013