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Prescila
Prescila, 48, is married to Fortunato and they have two children: Fortunato Jr. (26 years old, and a medical representative) and Jonalyn (22 years old, single, and a recent college graduate. Prescila's husband works part-time as a laborer in their rural village where farming is their major source of income.

Prescila has managed a small sari-sari store (typical village store) for seven years now. She earns around PHP 1000 weekly from the business. Prescila is requesting a loan of PHP 25,000 to purchase a variety of goods like sardines, soft drinks, milk, biscuits, bread, and other basic commodities which are commonly consumed by most residents in her community. Prescila also wants her business to grow and expand into a fish and vegetable vending business.

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
  • 1040
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Prescila business Capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2009
Listed
Jun 18, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009