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Fe
Fe L. is now 43 years old and happily married to Richard, who works in a manufacturing business. They are blessed with three children: Chariefae - 17 years old, second year college; Cliff Richard -14 years old, a junior high school student and Tishamae - 7 years old is a grade school. She hopes that her children will someday able to finish their college education for their future.

Fe and her husband help each other in making their leather business a success. They make leather accessories such as wallets, coin purse, bags, belt and other accessories. They have a business stall located in Brixton Mall in Tuguegarao City and used to sell in trade fairs even in different places of Luzon. According to Fe, the business really helps them in providing their children education and their basic needs at home. She wanted to borrow loan from Kiva lenders amounting to PHP35, 000 as additional capital to further expand and promote their business. She believes that hard work and patience are the best qualities in order for a business to grow aside from having enough capital.

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
  • 1361
    View loans »
    Philippines Loans Fundraising
  • $56,534,775
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Fe additional capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2009
Listed
Aug 24, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010