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Ernesto
Ernesto is a hog raiser and at the same time a proud farmer within the village where he lives. He is married and has three children. According to him, two of his children work already while the other one is in his third year of high school.

Ernesto has run his hog raising business for four years. His wife has been his helper in raising the hogs. His main goal for now is to obtain a higher income so that he can educate his youngest child and have a better standard of living. One of the strategies he has to raise his hogs is providing them with necessary vitamins and hog feed. But due to the high cost of livestock supplies, he has requested a loan of PHP 25,000. This amount would really be a big help to make his business grow and become more profitable.

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
  • 487
    View loans »
    Philippines Loans Fundraising
  • $50,998,450
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ernesto to buy stock of hog feed and necessary vitamins for his hogs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 18, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013