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Visitacion
Visitacion B. is a responsible mother to her four children. She is married to Virgilio and is living in Barangay Murong Bagabag, Nueva Vizcaya. She is 54 years old and her husband is 60 years old. The main occupation in the village is farming. Due to our economic crisis, all of their children were not able to pursue their studies in college, however, they are working hard to earn their daily living.



Visitacion continuously cultivates their farm and manages their small general store at home. She hopes to maintain her business by having enough capital to use in the improvement of her businesses, especially her store that is a great help in providing for their daily needs. Visitacion is applying for a loan amounting to PHP 9,000 as additional working capital for the improvement of her store.

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
  • 958
    View loans »
    Philippines Loans Fundraising
  • $53,431,325
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Visitacion business Capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2009
Listed
Jun 2, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009