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Reynaldo
Reynaldo is a father who is very determined to improve his family's living status to give them a better life. He is 43 years old and has four school-aged children. They live happily in a village, planting and harvesting rice and vegetables for sale.

Due to the high cost of commodities and school fees, he engages in a hog-raising business to earn additional income to support his children's education. He is asking for additional capital of PHP 50,000 to buy feed, vitamins and vaccines needed for hog-raising. He mentioned that his loan will enable him to improve his business and hopes that he 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
  • 1118
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Reynaldo to buy feed, vitamins and vaccines needed for hog-raising.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 12, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012