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Ernesto
Ernesto is 43 years old, married, with three children. Two of his children work and the other is still studying. He lives in a mountainous area. His main source of income is from farming.

Ernesto's wife is a Barangay Health Worker and owns a retail store. The couple both work hard because they want to have a better way of life and a stable source of income.

Currently, Ernesto grows corn on his one hectare of land and raises two sows. He has been running his livestock business for one year.

Ernesto wants to feed his pigs with quality feed but due to shortage of capital he is seeking a loan of 25,000 Philippine pesos, which will allow him to buy supplies such as feed, vitamins and vaccines for his livestock.

Ernesto hopes to use the loan to generate more income, which will be used to expand his livestock business and to send his youngest child into higher education.

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
  • 242
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ernesto to buy livestock supplies such as feed, vitamins and vaccine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 29, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 30, 2013