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Mercedita
Mercedita is a hog farmer living at Solana with her spouse and three children. They make their living farming and raising hogs for sale. They manage their businesses to provide the best education for their children. Mercedita usually gains 3,000 PHP for each hog she sells. Her income helps her to maintain her hogs and provide a daily allowance for her children.

Mercedita is now asking for a loan of 10,000 PHP to invest in her business. She will buy feed, vaccines, and medicines for hog farming. This will help her grow healthier hogs and sell them at a higher profit.

Mercedita would like to keep improving her family's businesses to sustain the education needs of her children so that they can earn degrees and improve their employment options.

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
  • 1349
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Mercedita to buy feed, vaccines, and medicines for her hogs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013