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Marcos
Marcos is 50 years old and he is married to Myrna M., and they have six children. Marcos is still sending some of his children to school. As a head of the family, Marcos is taking the responsibility to work to be able to provide the needs of his family. He hopes to improve their ways of living through the business he has. Marcos and his family lives in the mountainous village of Cabisera 25, Ilagan, Isabela.

Marcos is engaged in hog raising business for many years. He knows that he will not have daily income from raising hogs alone that’s why whenever he has time to does fishing he goes to the river to catch some fish to sell in their village. Aside from this, he is also indulged in producing charcoals which he sells in their village. The income he generates from the businesses that he is currently engaged with is being used to provide his family’s daily needs.

Marcos hopes to further expand his businesses that's why he would like to obtain a loan of PHP4,000. It will give him a big benefit to improve his business and he hopes someday to engage in a more profitable business.

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
  • 300
    View loans »
    Philippines Loans Fundraising
  • $52,217,850
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Marcos additional capital to expand his hog raising business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2009
Listed
Oct 11, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010