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Virgilio
Hard work and dedication are Virgilio’s guiding principles. He is married with four children, three of whom are married and one of whom – his youngest – is still young and currently a student. Virgilio wants a stable source of income so he can meet his family’s basic needs and let his youngest child finish his studies. His wife is a vegetable vendor and he is in the agricultural business, raising hogs and corn crops.

Virgilio is thankful to God because in bad times and in good times he manages his agricultural business firmly. Now he plans to purchase hog feed and farm supplies for his corn field, but due to insufficient capital he is requesting a loan of PHP 35,000. He knows that this money would help him a lot, most especially in making his agricultural business more productive and 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

  • $7,000
    Average annual income
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Virgilio to purchase hog feed and farm supplies for his corn field.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013