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Commitment and perseverance are the guiding principles for Rey in obtaining his goal in life. He is 56 years old, married and blessed with four grown up children. Farming has been Rey's family's main source of income. He has operated his corn farming business for 30 years. Through the profit from his corn farm, Rey is able to sustain the family's daily necessities, educate his four children and establish his other business.

Rey has now become engaged in a livestock business as an additional source of income. He is really thankful for the little success he has already experienced. Rey is happy to see that his raised hogs have become healthy. He is currently raising four fattening hogs and three sows. With this number of hogs to raise, Rey is in need of more capital. He will use this loan of PHP 25,000 to buy livestock supplies for his hogs and farm inputs for his rice farming business. Rey is doing this in order to generate a better income which will serve his family and improve his living conditions.

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
  • 1816
    View loans »
    Philippines Loans Fundraising
  • $60,929,450
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Rey to buy livestock supplies for his hogs and farm inputs for his rice farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jan 24, 2013
Jan 30, 2013
Currency Exchange Loss:
Apr 30, 2013