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Ricarda
Ricarda, 47, from the village of Baculud Amulung, Cagayan. Ricarda, is married to Ruben, who works as a house carpenter in their community. They are blessed with four children: Diana - 20 years old; Angelica - 17 years old and a college student; Cheska Mae - 11 years old, an elementary school student, and Jhairo - 1 year old.



Ricarda earns approximately PHP600 weekly through her dressmaking business, an enterprise she has operated for 10 years. She also does clothing repair for extra income. This enables her to help her husband support their family's needs, especially the education of three of their children. Because she wants to improve her business output, she is hoping to avail financial assistance from KIVA lenders amounting to PHP8,000.

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
  • 1439
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Ricarda additional capital for her sewing service business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2009
Listed
Oct 8, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010