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Corazon is a 52-year-old married woman who has four children. Corazon and her husband are farmers who live in the town of Alcala. They plant and harvest corn to sell. Corazon also hires additional laborers who help them in the farming business. The couple also serves as barangay (village) officials in their community.

Corazon hopes to improve crop growth and decided to borrow a loan of PHP 40,000 to invest in the cornfield. She will buy fertilizers, pesticides and insecticides used in corn farming.

With enough farm inputs, Corazon will harvest crops profitably and gain good profits for her family's welfare.

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
  • 374
    View loans »
    Philippines Loans Fundraising
  • $70,797,850
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Corazon to buy fertilizers, pesticides and insecticides used in corn farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jun 13, 2013
Jul 3, 2013
Currency Exchange Loss:
Dec 22, 2013