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Eric Lester
Eric is still single, but he works hard to help his parents meet their needs. Eric’s goal in life is to have a stable source of income before he gets married. Eric runs a hog raising business. He also operates a tricycle for passenger transportation to make additional income.

Eric had difficulties in buying feed for the maintenance of his pigs. His daily earnings from the tricycle business could not buy his pigs feed. For this reason, he decided to request a loan of 30,000 Philippine pesos to buy feed for his hogs. He is hoping for the growth of his business in order to support his parents and have savings for his future.

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
  • 352
    View loans »
    Philippines Loans Fundraising
  • $50,982,700
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Eric Lester to buy feed for the maintenance of his hogs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012