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Arsenia
Arsenia believes that hard work and patience are necessary to attain success in life. She manages a sari-sari store (community based store) in her village. Expanding her business is one goal to meet the needs of her family to improve their living conditions. She is married to Rolly, a construction worker. She and her husband work hard to support their children and grand children. The couple is blessed with two children who are married. They happily live in the simple village of Rizal in Santiago City.


Arsenia is glad that she is able to generate a monthly income of PHP10,000 from her store and food vending business. This has been a great help in meeting their daily needs. Arsenia wanted to develop her business and is hoping for a loan from KIVA lenders in the amount of PHP12,000. She aspires to earn more and save for her future and for emergencies.

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
  • 1486
    View loans »
    Philippines Loans Fundraising
  • $56,611,950
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Arsenia increase business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2009
Listed
Sep 16, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010