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Mercedes
Mercedes is a jolly and optimistic person. Though her life is less fortunate, she still works hard and hopes for a better quality of life for her family someday. Instead of lazing at home, she established a business of raising hogs to fatten and sell in the future to the butchers who came into their village. Mercedes had been in this business for almost three years. She usually generates an income of P3,000 per each hog sold.

She is now 33 years old and has three children to educate. She is asking for a loan of P5,000 to buy an additional hog to raise and to purchase feed and vitamins to ensure proper growth and nutrition.

She wants to continuously provide good education for her children.

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
  • 893
    View loans »
    Philippines Loans Fundraising
  • $54,390,175
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Mercedes to buy an additional hog to raise and to purchase feed and vitamins.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2011
Listed
Oct 6, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012