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Honofre is a responsible father who aimed to become progressive in the future. He is now 52 years old and has three grown-up children. He is one of the farmers who raised his family in a village. He cultivates their farm lots by planting rice and vegetables for sale. Due to the high cost of commodities and school fees, he also engages in a hog-raising business to earn additional income for his family. Being a hard-working father, he educates all his children despite problems and difficulties they encountered in life.

Despite this, he wants to continue and improve the business to satisfy the family's daily needs and save for future emergencies. He wants to ask for additional capital of P15,000 to buy feed, vitamins and vaccines needed in hog-raising. He mentioned that the loan would be a great help for him to improve 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
  • 695
    View loans »
    Philippines Loans Fundraising
  • $63,194,275
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Honofre to buy feed, vitamins and vaccines needed in hog-raising.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jan 27, 2012
Mar 2, 2012
Currency Exchange Loss:
Jun 22, 2012