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Teresita
Teresita is 35 years old and happily married to Edmundo, 41 years old, who is an ordinary carpenter in their village. The couple has been blessed with three children; two are still under their care and one is already married and now lives separately. The couple and their two children live in Barangay Minanga Sur Iguig, Cagayan.


Teresita has a small hog raising business that serves as her source of income. She sells the pigs in a slaughter house in Solana, Cagayan, which is the pig buying station in their area. To maintain her business Teresita needs more capital. She is hoping to borrow a loan of around PHP7,000 to purchase more feed for her hogs to make them grow healthy. The loan will be a big help to earn more income for Teresita so she can provide for all her family's needs.


Teresita also assists her husband in planting rice, peanuts, and watermelon twice a year. She really works hard for the welfare of her family. She hopes to maintain her business and make it more progressive in order to provide her family a good living condition.

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

  • $1175
    Average annual income
  • 327
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Teresita to buy more feed for her hogs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009