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Revelyn
Revelyn is the mother of five and she is married to Bonifacio, a helper in a hardware store in the town of Ilagan, Isabela. They are gifted with four children: three are now studying and one is a newly-born baby.

Revelyn has been engaged in a general store business for more than twelve years. She ventured into this business to help her husband uplift their poor living situation. She aims to become a successful entrepreneur someday. To further do that, Revelyn is asking for the support of Kiva lenders to lend her PHP 8,000 as additional working capital to maintain and grow her business which will benefit their children in the future.

Revelyn hopes that her children will finish their studies in college and find better opportunities in life someday. Her children are all willing to complete their education with the hope to pay back the sacrifices of their parents and uplift their ways of living before they get married.

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
  • 1085
    View loans »
    Philippines Loans Fundraising
  • $57,648,050
    Funds lent in using Kiva
  • 48.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Revelyn to use as additional working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2009
Listed
Jun 21, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009