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Solidad
“Doing something better is producing a bundle of success”, this is the guiding principle of Solidad, a resident of Cutog Grande, Reina Mercedes, Isabela. For the past eight months, she has managed a general store in their village. According to her, she earns a weekly net income of PHP 1,200.00 that she uses as rolling capital for her business. She hopes for continuous growth for her store and is asking for a loan of PHP 5,000.00 from Kiva lenders. She is hoping that her loan will be granted.


Solidad is 59-years old. She is married to Nicolas and they are blessed with nine children. The couple is happy from the blessings that they are receiving. Four of her children are already married, some are working and others are still dependent on them. Solidad is working hard, is determined to provide a better life for her family and to save for their needs as they grow older.

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
  • 1001
    View loans »
    Philippines Loans Fundraising
  • $54,488,350
    Funds lent in using Kiva
  • 48.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Solidad to provide additional capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2009
Listed
Aug 27, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010