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Luzviminda Catembung's Group
In this Group: Luzviminda , Virginia , Priza , Febita , Conception , Remigia , Jelidiza , Irene
Luzviminda dreams of becoming a successful livestock farmer. She works hard to attain this to improve her family's living standard. She is already 41 years old and married with three school-aged children. Her husband is a farmer who tills a rice and corn field. Farming has been their main source of income.

She raises pigs for fattening and sale, which is her family's alternative source of income to support the studies of her children. It is very helpful when there are emergencies. She is asking for a loan of PHP 12,000 as additional capital to buy feed and medicines for her piglets. Some of the loan will also be used to buy fertilizers for their farm. After two years of raising pigs, Luz had proven that this business is very helpful for her family needs.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $1175
    Average annual income
  • 1340
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Luzviminda Catembung's Group's $2,150 loan helped a member to buy feed and medicines for her piglets and to buy fertilizers for her farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
May 16, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011