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Managing a bakery gives Erlinda B. a satisfying day. However, she is still hoping for further development to make her bakery more competitive. She would like to borrow PHP 35,000 from Kiva lenders to use as additional capital. her business has been her partner in sending her children to school and also a big help in supporting the needs of their family. She was also able to employ some of her relatives in her bakery.

Erlinda is 53 years old and very determined to become successful by maintaining her bakery. She loves the business and enjoys entertaining her customers. Erlinda is thankful because she was blessed with two children, Erickson and Ana Kristina, who will someday manage the business and are hoping for its success. Erlinda believes that patience is the key to success. When strategies in life are designed without patience, she says, nothing will happen.

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
  • 2105
    View loans »
    Philippines Loans Fundraising
  • $61,204,950
    Funds lent in using Kiva
  • 48.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Erlinda additional Capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 28, 2009
Aug 27, 2009
Currency Exchange Loss:
Feb 15, 2010