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Teresita is a responsible wife and mother. She and her husband were gifted with six children: Rosita - 27 years old; Romulo Jr. - 25 years old; Hazel - 21 years old; Romnick - 18 years old, college student; Joyce - 13 years old, high school student and their youngest is Jay Lord - 3 years old. Three of them are already married.

She and her husband are managing a welding shop. With their need for financial assistance she is now requesting a loan of 5,000 Philippine Pesos for the maintenance of their shop. This amount will assist her husband in developing their business, making it more productive able to meet the needs of their family and provide for the education of their children.

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
  • 727
    View loans »
    Philippines Loans Fundraising
  • $63,194,275
    Funds lent in using Kiva
  • 48.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Teresita maintenance of welding shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Apr 8, 2009
Apr 27, 2009
Currency Exchange Loss:
Oct 15, 2009