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Loreto
Loreto raises crops, and now he plans to invest in starting a piggery, for an additional source of income of the family. He wishes to have a loan of 50,000 PHP to buy piglets, and feed for their maintenance. Loreto hopes to manage a hog-raising business in their village.

Loreto is lucky, being married to a patient housekeeper who is his partner in forming a God-fearing family. He is a responsible father of two children, who are going to school. Loreto wishes to send his children to school until college and finish their education. He will strive and manage the business well, to generate income for the future of his children.

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
  • 373
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Loreto to buy his first piglets, and feed for their maintenance.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 30, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013