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Mark Kristoffer
Mark Kristoffer is now 26 years old and married but has no children yet. He already earned a degree but, due to a lack of job opportunities, he is engaged in a hog-raising business to generate income. He has been in this business for almost 4 years and usually earns a net income of 8,000 PHP a month which he uses to satisfy their basic necessities.

He aimed to improve this business by raising more pigs but, due to inadequate capital, he is asking for a loan of 30,000 PHP to buy piglets, feed, vaccines and vitamins for his hog-raising business. He believes that, through this loan, he will be able to acquire additional piglets to raise. He mentioned that, through patience and strong determination, he will improve the business and make it a viable source of income in the 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

  • $7,000
    Average annual income
  • 1288
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mark Kristoffer to buy piglets, feeds, vaccines and vitamins for hog raising.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 14, 2011
Listed
Sep 24, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012