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Renato lives in the village known to be mountainous, and almost all of the main source of income comes primarily from corn farming. He is 45 years of age and married with five children. His eldest child settled for marriage while the three left at home are still studying. He aims to have a stable source of income so he can let his children finish their studies and improve their way of living.

Renato raises six hogs, as well as corn crops. He has been running his hog-raising business for seven years. He is really blessed because, even though he is busy raising his hogs, still he has the time to run his farming business well. Renato plans to buy hog feed and farm supplies, but his capital is no longer enough due to an abrupt increase in his household expenses. So he requested a loan of PHP 15,000. He believes that this loan amount will help him attain his goal in life and also help with his livestock business.

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
  • 1085
    View loans »
    Philippines Loans Fundraising
  • $63,436,400
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Renato to buy hog feed and farm supplies for his farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Oct 22, 2012
Nov 7, 2012
Currency Exchange Loss:
Apr 22, 2013