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Teresita is 58 years old, married and engages in selling native cakes as well as hog raising. Her husband is a farm laborer in their village. The couple has been blessed with four children; three are married and the eldest is still single. Teresita sells her native cakes using her bicycle with a cart. She sells them around her village and nearby villages. Usually, she is able to sell her native cakes before lunch time, after which, she had nothing to do, so she decided to engage herself in hog raising.

At her age, Teresita is getting older and she aims to make her businesses stable. For her dreams to be realized, she requests additional capital of PHP15,000 which allows her to buy hog feed to ensure proper nutrition for her pigs. Teresita is optimistic about 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

  • $7,000
    Average annual income
  • 1797
    View loans »
    Philippines Loans Fundraising
  • $60,919,225
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Teresita to buy hog feed.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 13, 2013
Sep 18, 2013
Currency Exchange Loss:
Feb 19, 2014