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Marivic
Despite the hardship of living, Marivic and her husband aimed to improve their status of living to educate their children and give them a bright future. She is 42 years old and has four school-age children. She is engaged in the hog-raising business to supplement her husband's income. Due to the high cost of commodities and school fees, they need to increase their income to cover their necessities and support the education of their children. To increase her income, Marivic planned to raise more pigs to sell but due to insufficient capital, she is asking for an additional of P40,000 to buy feeds, vitamins and additional piglets to raise. She mentioned that this loan will help her to improve the business and hopes that she will make the business grow and become a viable source of income 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

  • $7,000
    Average annual income
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,107,075
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Marivic to buy feeds, vitamins and additional piglets to raise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2012
Listed
Sep 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013