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Due to financial burden, Benedicto became involved in the hog-raising business to earn additional income for his family. He is a farmer who lives in a village with his four children. Together with his wife, they planned to upgrade their poor living condition so that they will give their children a better life. They aimed to improve their sources of income so that they will become financially stable someday.

In this regard, Benedicto aimed to improve his hog-raising business to earn and save more income to satisfy the family's necessities. He wants to ask for a loan of P15,000 to buy feed, vitamins and vaccines needed in hog-raising. He hopes that this loan will help him to improve the business. He also hopes that his business will become successful someday.

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
  • 1858
    View loans »
    Philippines Loans Fundraising
  • $61,075,150
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Benedicto 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:
Jul 15, 2012