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Carmen
Carmen is a hardworking mother who helps her husband in generating income to support their family. She is 45 and has two school-age children. She is engaged in a hog-raising business to make an income. Being responsible parents, they aim to continue sending their children to school so that they will earn a degree and become professionals someday. Despite financial difficulty, they have the determination to work out their plan.

She aims to improve her hog-raising business to increase her income, but due to insufficient capital she is asking for a loan of P25,000 to buy additional piglets, feeds, vitamins and materials needed in hog-raising. She mentioned that this loan will help her to make an improvement in her business and that she is hoping that she will be successful in the future.

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
  • 1285
    View loans »
    Philippines Loans Fundraising
  • $56,280,875
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Carmen to buy piglets, feeds, vitamins and materials needed in hog-raising.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 19, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2012