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Loreto is a jolly and hard-working man. He has a wonderful wife and two children. He has been involved in buying and selling hogs for over two years and has extensive experience in this business. He sells his pigs at the district markets. This business brings in a good profit both to the business and the family budget. Loreto dreams of lifting his family from poverty; this is why he works hard at his hog raising business. He also wants to provide the necessities for his pigs; therefore, he has requested a loan of PHP 20,000 to buy feed, vaccines, and vitamins for his pigs. He hopes this will make them fit and nourished, and provide higher prices when it is time for them to be sold. He also hopes to grow his business to secure a good living for his family.

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
  • 1215
    View loans »
    Philippines Loans Fundraising
  • $63,454,575
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Loreto to buy feed, vaccines, and vitamins for his pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Nov 21, 2011
Dec 1, 2011
Currency Exchange Loss:
Jun 22, 2012