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Bannawag started his hog raising business two years ago with three piglets for fattening. Bannawag is 48 years of age and is married. They are blessed with two children who they are sending to school. With his duration in business, Bannawag learned that his business is more profitable if he has a pig for breeding.

Bannawag is asking for a loan of P25,000 to buy feed for the maintenance of his pigs. He believes that the loan will be a big help for him to maintain his business. He hopes to continue sending his children to school until college through the profits he earns from the business.

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
  • 806
    View loans »
    Philippines Loans Fundraising
  • $63,360,225
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Bannawag to buy feed for the maintenance of his pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Sep 22, 2011
Oct 7, 2011
Currency Exchange Loss:
Feb 15, 2012