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Narciso is 61 years old and married with five children. To earn a living, he plants and harvests rice to sell. He has been in the farming business for nearly 10 years and earns about PHP 20,000 twice a year (during the harvest). He also pays additional laborers to help him in planting and harvesting rice. Narciso has been very patient in maintaining good crop growth. Now, he is asking for additional capital of PHP 40,000 to buy farm inputs (fertilizers and insecticides) used in farming.

In the future, Narciso would like to develop good crops to harvest. This will enable him to better his family's living conditions and someday live progressively.

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
  • 357
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Narciso to buy farm inputs (fertilizers and insecticides) used in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Apr 17, 2013
Apr 23, 2013
Currency Exchange Loss:
Dec 22, 2013