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Franklin
Franklin lives in an area where the major source of income comes from the farming of corn crops. He is happily married and has been blessed with four children. All of his four children attend school, so he needs to double his efforts to increase his sales and profit. Through his farming business, he is able to gain a good income, which has helped him establish his livestock business. He is currently raising and fattening four hogs and grows corn crops on his three-hectare farm plot.

Franklin would like to take out a loan of 50,000 PHP, which he will use to buy sacks of hog feed and farm supplies for his corn crops. He is thankful to lenders because his previous loan has really helped him improve his corn farm plot and so achieve financial stability. He hopes to obtain this loan so that he can continue to grow both his livestock and farming businesses.

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
  • 1303
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Franklin to buy sacks of 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:
Nov 9, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013