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Riza
Riza D. is known by her nickname, “ Iza”, in their barangay (village): Brgy. Malasin, Dupax del Norte, Nueva Vizcaya. She finished secondary education and is happily married to Mr. Alfonso D.. They are blessed with three children. Despite the hardships and difficulties of life, they still aim to be successful some day since they believed that, “Nothing is impossible to the person who [has] the strong faith and determination to achieve.” They help each other to earn and save for their survival and for the education of their children.


As a source of income, Mr. D. cultivates their farm by planting rice and vegetables, while Iza engages in the buying and selling of vegetables in their barangay. She uses her small working capital to acquire vegetables from Nueva Vizcaya Agricultural Terminal (NVAT) which she sells retail. With her patience and sacrifices, she is able to earn a net income of 700 PHP per week, which they use to satisfy their needs and to support the education of their three children.


Iza aims to improve her business, but she has inadequate capital. When one of the lending institutions offered their programs in their barangay, Iza voluntarily joined and applied for a loan of 5,000 PHP to have additional capital to acquire more fruits and vegetables to sell in their barangay. She is so thankful to join the organization, because it gives her the opportunity to strengthen her 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
  • 1039
    View loans »
    Philippines Loans Fundraising
  • $57,733,025
    Funds lent in using Kiva
  • 48.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Riza additional capital for vegetable business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010