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Arnel
A man with strong determination. This is the phrase that best describes Arnel B. of Barangay San Nicolas, Bayombong, Nueva Vizcaya. He is now 30 years old, single and a graduate of a vocational course. He works as a vendor and aims to improve his business in order to help his parents and uplift their living condition.

To fulfill his dream for his parents, he would like to borrow a loan of 5,000 PHP from KIVA lenders. This amount will be of great help in maintaining his street food vending. Some of his product includes pork, chicken legs, chicken intestines and frozen chicken blood. He is hoping that the Kiva lenders will support his business because he really wants to improve it and become profitable.

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
  • 1432
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 48.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Arnel to use as additional capital for street food vending.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2009
Listed
Sep 13, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010