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Farming has been the primary source of income for Richard's family. Due to his hard work and determination in life, he is able to buy hogs and has raised them well. Gained profits from his livestock business were used to cover all of his family's household expenses, as well as the education of his three children. Richard currently is raising two swine to be fattened. He plans to acquire additional piglets to raise, so he is requesting a loan of PHP 40,000. He knows that this financial support he is requesting will help him attain his goals in life and help with his livestock and farming business.

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
  • 493
    View loans »
    Philippines Loans Fundraising
  • $65,909,700
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Richard to buy three piglets and hog feed for their daily maintenance.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Oct 5, 2012
Oct 13, 2012
Currency Exchange Loss:
Apr 22, 2013