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Mercedes
Mercedes believes that "a hard-working person will have a bright future". She is 49 years old and has four adult-age children. She is now a widow but she has the determination to uplift their status of living. She became involved in hog-raising business to generate additional income. She aims to improve the business to generate sufficient income and satisfy their necessities and save some for future emergencies. She plans to raise more pigs to sell in the community but she has not enough capital. Therefore, she is asking for a loan of P29,000 to buy feed, vitamins and additional pigs to raise. Despite hardships and difficulties in life, she believes that she is going to improve the 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
  • 1249
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Mercedes to buy feed, vitamins and additional pigs to raise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013