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Ricky
Due to hardship of living, Ricky engages in raising ducks in his village to have eggs for sale. He is now 38 years old and single. He aims to uplift his status of living in order to support his parents, who are now old and weak. He planned to raise more ducks and build a shelter for them but he has inadequate capital. For this reason, he is asking for a loan of PHP 10,000.00 to buy duck feed, netting and a tent for his ducks. Through this loan, he believes that he will improve the business and make it profitable in the future.

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
  • 1285
    View loans »
    Philippines Loans Fundraising
  • $56,280,875
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ricky to buy duck feed, netting and a tent for the ducks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 10, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013