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Lerma
Lerma is a hog raiser in the village where she lives. She is 42 years old, married, with three children. She has been raising hogs to fatten and sell to butchers when the hogs achieve the desired weight. She wants to make sure her hogs become healthier so she can offer them at good price upon disposal, but she needs additional capital of PHP 10,000 to buy feed, medicines, and vitamins to sustain them. This will help maintain good income from her small business.

She hopes to make her business profitable enough that she can save funds for her children's education. She is aiming for a stable living condition for her family.

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
  • 1351
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Lerma to buy feed, medicines and vitamins for hog sustenance.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012