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Leticia
Leticia, commonly known by her nickname “Letty,” is 51 years old and the mother of four children. Her husband is Patricio T. and they live in a good relationship with their four children in the rural community of Barangay Kinacao Baretbet, Bagabag, Nueva Vizcaya. Some of her children are currently studying in high school, while her eldest child works as a saleslady in their public market to help them support the family's important needs.



Their main source of income is derived from farming, practised by her husband, while Leticia manages a sari-sari store to earn additional revenue for the family. In order to achieve a higher income, she is requesting a loan of PHP7,000 to purchase stocks of soft drinks and establish a small eatery that will be part of her business expansion.

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
  • 1350
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 48.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Leticia additional capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2009
Listed
Sep 6, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010