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Agustin plans to improve the weight of his raised hogs to earn greater income. But due to shortage of capital, he is seeking a loan amounting to PHP30,000. This loan amount will be utilized by buying necessary feed and vitamins. Some of it will be used for land preparation on his corn farm.

Agustin is married and has been blessed with four children. Three of his children are studying while his youngest child is still an infant. He is thankful because his wife is supportive in making his corn field and hog raising business more profitable and a viable source of income for his family.

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
  • 384
    View loans »
    Philippines Loans Fundraising
  • $70,798,900
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Agustin to buy feed and to pay for maintenance of his corn farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Oct 24, 2012
Nov 8, 2012
Currency Exchange Loss:
Apr 22, 2013