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Corazon
Corazon B., nicknamed “Cory” in their village located at Barangay Cataggaman Viejo Tuguegarao City. She is 45 years old and finished her secondary education. Due to financial shortage, she did not pursue her college studies. She works hard to earn a living and is married to Pedro a farmer in their village. They are gifted with three children namely; Perpetua 24 years of age college graduate; Cristopher 22 years of age, college undergraduate; Max 18 years of age, college student. Being a responsible parent, they do their best to improve their way of living. Despite the economic crisis, they are still striving for the sake of the future of their children.

Her husband is a farmer while she is engaged in barbecue vending business in their village to help her husband support the education of their children. Since she only has a small amount of capital, she only earns a net income of Php 700 a week. In this regard, she wants to borrow additional capital to strengthen her business. She applied for an amount of Php 8,000 to be added in her capital to acquire materials and ingredients needed for her business. She is so thankful when she joined in this organization because it gives her the opportunity to improve her small business. And she hopes that through her efforts and sacrifices, all of her children will finish their studies and her business will also grow. As she has said, "Patience and sacrifices is the key to success".

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
  • 388
    View loans »
    Philippines Loans Fundraising
  • $50,847,100
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Corazon additional capital for her barbecue vending business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2009
Listed
Nov 25, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010