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Charie
Charie is a balot vendor in the village of Cebu San Isidro, Isabela. (Balot is a fertilized duck or chicken egg with a nearly-developed embryo inside that is boiled and eaten from the shell. It is commonly sold as street food in the Philippines.) She is 44 years old and married to Cesar Sr., who is a house carpenter. The couple strives hard to provide for the needs of their family. To be able to buy more balot to sell, she is asking for additional business capital from Kiva lenders amounting PHP5,000. This loan will serve as a big help to the development of her business.

The couple is blessed with six children: Cesar D. Jr.- 25 years old and a high school graduate; Richard - 24 years old; Michelle - 23 years old; Mary Jane - 21 years old and a high school graduate; Ramon - 17 years old and studying at the high school level; and Michael - 14 years old, who is in grade school. Through developing the business, Charie could be able to help her husband improve their way of living.

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
  • 451
    View loans »
    Philippines Loans Fundraising
  • $50,987,450
    Funds lent in using Kiva
  • 47.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Charie business capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2009
Listed
Sep 19, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010