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Leonardo
Leonardo is from La Suerte. He is married and has four children. To meet his family's needs, Leonardo raises hogs to fatten, breed, and sell. He has been doing this for over seven years and earns about 4,000 PHP for each hog. He has spent his income wisely on food and school fees. Leonardo would like to develop his business, but he does not have enough money to do so. So he is requesting a 18,000 PHP loan from ASKI to buy feed, medicine, and vaccines to ensure his hogs health. If the hogs grow well, he can sell them at a higher price and will increase his income.

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
  • 267
    View loans »
    Philippines Loans Fundraising
  • $53,057,200
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Leonardo to buy feed, medicine, and vaccines to ensure his hogs health.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 21, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013