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Teodora T. is 51 years old. She lives with her husband, Edgar, in their village of Larion Bajo Tuguegarao, City. Edgar, age 52, manufactures simple knives. They are blessed with two adult children who are both single.

Teodora and her husband work hard and help each other to provide for the needs of their family. They patiently operate a blacksmithing and manufacturing business in their village. She goes from house to house and from agency to another to sell their finished products. Teodora earns PHP 500 in daily income that she uses for their basic daily needs.

Teodora has been in this business since 2000. She is requesting a loan of PHP 5, 000 from Kiva lenders to improve their blacksmithing and manufacturing business.

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
  • 1472
    View loans »
    Philippines Loans Fundraising
  • $59,381,875
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Teodora additional capital to improve her manufacturing business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 22, 2009
Oct 21, 2009
Currency Exchange Loss:
Apr 15, 2010