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Marcelo
Marcelo is a father who owns and manages a hog-raising business to generates income. He is 29-years-old, married and has three children. He aims to strengthen his source of income to support his family and educate their children. They planned to earn and save more income to support the education of their children for they want them to become professionals someday.

Due to inadequate capital, he wants to ask for a loan of P15,000 to buy feed, vitamins and vaccines for his hog-raising business. He believes that through this loan he will improve his business and make it a viable source of income. He hopes that in the future they will become financially stable and be able to give their children a better life.

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
  • 959
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Marcelo to buy feed, vitamins and vaccines for his hog-raising business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 22, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012