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Due to financial difficulty, Carmelita decided to engage in the hog-raising business to generate additional income. She is 48 years old and has five school-age children. She and her husband aim to educate their children so that they will earn a degree and find a good job someday. Due to the high cost of commodities and school fees, they need to increase their income so that they will cover all their needs. In this regard, Carmelita plans to raise more pigs to sell. She is asking for an additional capital of P40,000.00 to buy piglets, vitamins, feeds and vaccines needed in hog-raising. Through patience and strong determination, she believes that she will be able to improve the business and make it a viable source of income. In the future, she hopes that they will become financially stable and their children will have a bright 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
  • 393
    View loans »
    Philippines Loans Fundraising
  • $65,913,950
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Carmelita to buy piglets, vitamins, feeds and vaccines needed in hog-raising.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Oct 15, 2012
Nov 3, 2012
Currency Exchange Loss:
Apr 22, 2013