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Helen
Helen is 49 years old and is married to Eduardo T., a tricycle driver within their village. Her family lives in the beautiful village of Magsaysay Saguday, Quirino. They are blessed with two children: Edwin, who is 26 years old and a college graduate who is an OFW in Dubai. and Joel a 21-year-old 2nd year college student. Helen dreams that her youngest son will also finish his schooling.

Helen sells native cakes, vinegar, home made peanut butter and frozen products in the canteen in their school. Her frozen products and homemade peanut butter are quickly snapped up by her customers.are always quick to be sold out and same with her homemade peanut butter. Her products are in high demand, but she requires more capital in order to have the money for the ingredients for her homemade frozen food, native cakes, peanut butter and other snacks. She is requesting a loan so she can purchase the ingredients she needs to expand production. This increased income will help her see her second child through school.

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
  • 1249
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Helen to purchase ingredients and increase food production.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2009
Listed
Oct 20, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010