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Farming is the main source of income for Ludovico. He plants and harvest rice in their village. With his desire to improve their living, Ludovico also engages in hog raising. He has been in this type of business for over 20 years.

Ludovico is married and has three children. With the profits he earns from his hog raising business, Ludovico is able to provide his children's allowances for school. His business serves as his assistant in times of crisis in providing his children's needs for school.

Ludovico wants to continue operates the business while he can manage it. He needs additional working capital to maintain the business. Ludovico decided to borrow a loan of P40,000 to buy feed for his hogs. He hopes to continue operating the business and further support his children's needs in their schoolllife.

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
  • 326
    View loans »
    Philippines Loans Fundraising
  • $70,768,400
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Ludovico to buy feed for his hogs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Mar 9, 2012
Apr 7, 2012
Currency Exchange Loss:
Aug 22, 2012