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Lovely
Due to insufficient income, Lovely engages in a hog-raising business to supplement her husband's income. She is 25 years old, and they have two infant-age children. They are raising their family in a rural community, planting fruits and vegetables and raising livestock for sale. They aim to earn and save more income to satisfy their necessities and save for the future of their children.

They planned to plant more vegetables and raise more pigs to sell, but they do not have enough capital. Therefore, Lovely is asking for an additional 35,000 Philippines pesos to buy piglets, feeds, vitamins and vaccines needed in hog-raising. She believes that through patience and hard work, they will improve their business and status of living 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

  • $1175
    Average annual income
  • 1113
    View loans »
    Philippines Loans Fundraising
  • $54,595,750
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Lovely to buy piglets, feeds, vitamins and vaccines needed in hog-raising.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013