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Herminigildo
Herminigildo started to dream with simple things in life, he first ventured into the farming business by cultivating a corn field. He is thankful because his business improvement grew from his patience and resourcefulness.

Herminigildo's commitment to his farming business brought him to the realization of needing to adopt new farming strategies to be able to achieve continuous improvement. He currently raises one sow and three fattening pigs. Herminigildo's wife is a business-minded person who wants to succeed in life.

Herminigildo has paid back his previous loan and has asked for a larger loan amount of PHP30,000. This amount will be use to buy hog feed and necessary vitamins for continuous good nutrition and proper growth of his hogs. He hopes to make his business more profitable so that he can let his youngest child finish his coursework and improve their financial stability.

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
  • 1449
    View loans »
    Philippines Loans Fundraising
  • $59,251,750
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Herminigildo to buy hog feed and necessary vitamins for the proper growth of his hogs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013