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Karen
Karen is 24 years old and married to a construction worker. She and her spouse are happy, because they have been blessed with a healthy child.

Karen is a hog raiser within her local community of Sto. Domingo. Aside from livestock, she is also engaged in fish-vending as an additional source of income.

Karen would like to ensure proper growth of her hogs, but her capital is insufficient, so she is requesting a loan of PHP 20,000 for additional working capital. This will allow her to buy livestock feed, vitamins and vaccine.

She knows that when she has these necessary livestock supplies, she could obtain a better income for her family needs, and savings for a bright future for her only child.

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
  • 426
    View loans »
    Philippines Loans Fundraising
  • $52,684,250
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Karen to buy livestock feed, vitamins and vaccine for her hogs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 23, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013