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Leonora
Leonora B. and her husband, who are blessed with four children, live in the village of Cataggaman Viejo Tuguegarao City. Leonora is engaged in the business of selling kitchen utensils. She explains that most of her customers are her neighbors and friends. In addition, Leonora raises and breeds pigs behind their backyard. Her husband, meanwhile, is a local tricycle driver in their village.



She is thankful because their businesses generate sufficient income to be able to support their everyday lives, but she really wants to expand her business. Thus, she decided to request a loan in the amount of 10,000 PHP ($225) from KIVA lenders, the proceeds of which she will use to buy more pillow cases and kitchen utensils to sell. She also plans to use a portion of the loan proceeds to purchase feed for her hogs.

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
  • 503
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 47.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Leonora to expand her businesses by purchasing additional goods (for her sales business) and feed (for her pig-breeding business).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2009
Listed
Nov 27, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010