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Reynaldo
Reynaldo is already 42 years old. He is married to Melinda M.. The couple is thankful because they are already blessed with one child named Rea who is now 23 years old. She did not able to finish college due to financial difficulties and early marriage. Though her daughter got married early, still Reyanldo and his wife is doing their best in order to sustain the needs of their grandson. Reynaldo aims to fulfill his family’s satisfaction by patiently maintaining his motorcycle transport with a daily route from their village to highway junction. He wanted also to borrow loan from KIVA lenders that is amounting to PHP9, 000 for the repair and maintenance of his motor vehicle used in transportation business. Reynaldo shares that the loan if granted will be of great help to his family.

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
  • 1327
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 48.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Reynaldo additional capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2009
Listed
Sep 4, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010