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Melchor
Melchor devotes most of his time to his corn farming business, because it's his family's main source of income. But, due to improvement in his financial stability, he was able to establish a livestock business which he has managed for seven years. He is currently fattening one hog and raising three piglets.

Melchor is married with six grown-up children. His main priority in life is to have continuous improvement in his livestock and farming businesses. To make these things possible, he is requesting additional capital of 20,000 Philippine pesos (PHP) to allow him to buy stock of hog feed and farm inputs for his corn farm. He believes that, with this requested loan, he can further expand the hectares of his corn farm and will be able to increase the hogs he raises. Melchor is looking forward to continuous success in his livelihood.

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
  • 493
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Melchor to buy hog feed for his hogs and farm inputs for his corn farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2013