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Nelson
Nelson, a 48 year old married man, lives peacefully at Baggao with her daughter. Nelson has two children, a nursing graduate who is looking for employment and a soldier. Nelson's wife works abroad. He is patiently involving himself in a corn farming business and livestock raising (pigs to fatten and breed). He was able to earn about PHP30,000 a month doing these activities. From his businesses, he has provided the best education for his children.

Nelson would like to keep earning good profits from the hog raising business, but he needs additional capital. He is now asking for a loan of PHP50,000 to buy vaccines, feed, and medicines for the piglets. This will help ensure good growth and sustainability. He is looking for the improvement of his businesses and to achieve financial stability so that his wife will not be having to work abroad anymore.

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
  • 243
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD
Expired
A loan of $1,175 helped Nelson to buy vaccines, feed, and medicines for the piglets.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 1, 2012