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Marcelo
Marcelo’s main source of income comes from farming. He plants and harvests corn in their village.

Marcelo is married and blessed with three children. He and his wife desire to give a better way of living to their children. He is currently sending his children to school to pursue their education.

With his determination to respond immediately to his children's needs in school, Marcelo also engages in the livestock business. His income from the business mostly went for his children’s fees for school.

Marcelo wishes for a loan of PHP 30,000 in order to continue operating the business. He plans to use the loan to buy sacks of feed and vaccines for quick growth of his hogs.

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
  • 1433
    View loans »
    Philippines Loans Fundraising
  • $59,145,900
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Marcelo to buy sacks of feed and vaccines for quick growth of his hogs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 10, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013