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Modesto
Modesto is a father who runs a hog-raising business in his community to gain income for his family. He is 30 years old, married and has one infant child. He and his wife aim to increase their income so that they can improve their house and save for the future of their child. In this regard, they plan to raise more piglets and chickens to sell in the future.

Due to insufficient capital, Modesto is asking for a loan of PHP 33,000 to buy feed, vitamins, piglets and materials needed to improve the pigpen. They are hoping that this loan will make it possible for them to improve the business as they continue to work hard and strive for their goal.

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
  • 397
    View loans »
    Philippines Loans Fundraising
  • $52,107,225
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Modesto buy pig feed, vitamins, piglets and to repair his pigpen.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013