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Victor
Victor E. is from the town of Pangal Norte, Echague. He is 40 years old, married and has 5 school-aged children. Victor owns and operates a business raising livestock, primarily pigs, for fattening and sale. Victor has been engaged in his business for over 1 year and earns approximately 3,000 PHP a month from it..

In 2010, Victor joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Victor is requesting a new loan of 12,000 PHP which will be used to purchase livestock feed and other supplies. This will be the 1st loan taken out by Victor from ASKI. He plans to use the additional revenue generated from the business to improve/expand his business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 685
    View loans »
    Philippines Loans Fundraising
  • $53,367,175
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Victor to purchase livestock feed and other supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2010
Listed
Aug 13, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011