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Asuncion
Asuncion is 38 years old and married. Her husband is working in Australia as a welder. They are blessed with three children: Mathew, 22 years old; Timothy, 20 years old and Christopher, 18 years old. All of them are college students. She is a responsible mother and helps her parents in supporting their daily needs through her direct-selling business of AVON products. She is persevering to succeed in this business to give her family a progressive living someday. Her family is residing in the agricultural-based community of Larion Alto, Tuguegarao, City, and farming is their family's main source of income.

Asuncion is requesting a loan from the Kiva lenders amounting to PHP10,000. She will use the amount to purchase more AVON products, like cosmetics, apparel and other items that she can offer to her customers. She believes that the more capital she can roll into her direct selling, the higher the income she could get.

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
  • 276
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 47.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Asuncion additional working capital for her personal products business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2009
Listed
Oct 30, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010