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Fely
Fely is from the village of Cabaruan, Naguilian, Isabela. She is now 35 years old and already married to Ernesto Villoria Jr., 34 years old. They are blessed with two children: Erwin, 11 years old and the youngest is Jayvee, 10 years old. Both children are attending the primary level of education. Fely is very thankful for having a happy family and having a good bonding with each other.

Aside from the passenger tricycle that her husband manages, she is also engaged in a poultry raising business. With their income from their business activities, they can provide the basic needs for their family. But she plans to expand their business in order to earn more profit to save funds for the schooling of their children. For this, she is requesting to avail a loan amounting to PHP 5,000 for both the maintenance of their motorcycle transport and her livestock raising business. She also wants to start a rice vending business to earn extra income. However, Fely said that she cannot do all of these at the same time considering the availability of funds. Thus, she is praying that her loan will be approved to be able to make her business successful. She believes that all her business plans, if pursued, will be of big help to her family. She hopes to become successful in the business by being patient and by exerting more efforts in doing her work. According to her, she will only believe that she has already achieved her goals in life when she sees her children finish their studies in college and find a better job.

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
  • 356
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Fely motorcycle Maintenance.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2009
Listed
May 17, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009