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Magdalena is a resourceful mother who is involved in a hog-raising business to generate additional income to support her family. She is now 50 years old and has five grown children. Two of them are still in college and they want to finish their studies to earn their degrees and become professionals some day. Despite the hardships of life, they have the determination to work out their plan.

To improve her business, Magdalena is requesting additional capital of PHP 25,000 to buy feed, vitamins and additional piglets to raise. She believes that this loan will help her and her family to make improvements in the business and hopes that they will be successful in carrying out their plans.

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
  • 1113
    View loans »
    Philippines Loans Fundraising
  • $63,502,950
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Magdalena to buy feed, vitamins and additional piglets to raise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jan 19, 2012
Mar 1, 2012
Currency Exchange Loss:
Jul 15, 2012