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Annie
Annie offers homemade rice and bignay wine. She has been in this type of business for five years up to this time. Annie is also engaged in a hog-raising business wherein she raised 60 piglets, six fattening pigs and 10 sows. According to her, through her hog-raising business, she was able to educate all of her six children. She is really blessed because all of her children are professionals and have their own families.

Annie would like to gain her own income so she has been doing all her best in order to earn a living. At her age, still she enjoys making rice and bignay wines. Annie's gained profits goes to the daily maintenance of her hogs, for the salaries of her three helpers and for maintenance of her two hectares of rice field. So she is in need of additional capital in the amount of 30,000 Philippines pesos (PHP), which will be used to buy more bignay fruits to be able for her to supply all her buyers because her product sold out immediately due to the great taste of the wines she offers.

She hopes that her requested loan amount will be granted in order to provide her customers with quality service and be able to export her product into other countries. She knows that she could achieve all her goals through Him and her patience in making her business grow.

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
  • 1558
    View loans »
    Philippines Loans Fundraising
  • $56,630,475
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Annie to buy more bignay fruit for her wine-making business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013