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Florence
Florence is 51 years old and manages an eatery business in their village at Magsaysay Saguday, Quirino. She also sells snacks, soft drinks and other goods just beside her eatery. Florence has been blessed with three children. Her children are: Nestor, 30 years old, and who was only able to study through high school; Edmundo, 29 years old who finished a mechanical vocational course; and the youngest is Sheryl, 27 years old and a high school graduate as well. Her children are all responsible and always give her a helping hand, especially with her business.


Florence is seeking additional working capital for her business and she sees ASKI as a potential solution to her financial problem. She believes that ASKI will support her business and will provide many benefits to her life since ASKI also offers insurance and business training among other benefits. She hopes to make her eatery more productive and able to make higher profits. She is requesting a loan for PHP 7,000.00 which will be used to expand her business by purchasing cases of soft drinks and additional vegetables to be sell in her business stall. She hopes that her small business will become successful someday for the benefit of her family especially for the future of her 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

  • $1175
    Average annual income
  • 308
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 47.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Florence to expand her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2009
Listed
May 12, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009