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William
William is a hard-working father who raised his family in a village. He is now 43 years old and has four school-aged children. The main source of their livelihood is farming. They plant rice and raise fingerlings (fish hatchlings) for sale. He aimed to improve their sources of income in order to continue to send their children to school since they want them to earn a degree and become professionals someday.

Despite the hardships of life, William is striving hard to support the education of their children. He is asking for an additional capital of P35,000 to buy feed and additional fingerlings to raise. He believes that this loan will help a lot to improve the business. In the future, he hopes that their business will become a viable source of income. He mentioned that through patience and hard work he will able to achieve his goals.

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
  • 1166
    View loans »
    Philippines Loans Fundraising
  • $54,791,700
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped William to buy feed and additional fingerlings (fish hatchlings) to raise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 7, 2011
Listed
Sep 23, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012