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Faustina
Faustina manages a large farm of pigs in their village. She started her business with a small piggery house and three pigs. When she developed her expertise in the business, she expanded her business.

Faustina is 58 years of age, married and has 10 children. Her husband is a farmer planting rice in their fields. Through her income from the business, Faustina was able to provide her children's allowances in school and some are already finished with their education. Now Faustina has two children still in school who chose to go to college and are about to graduate.

With plenty of hogs, Faustina has a shortage of hog feed. Faustina is requesting a loan of P50,000 to buy feed for her hogs. She hopes to get a loan again to maintain 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

  • $1175
    Average annual income
  • 336
    View loans »
    Philippines Loans Fundraising
  • $50,801,300
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Faustina to buy feed for her hogs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 21, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2012