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Susan
Susan T. is from the village of Rio Del Grande Enrile, Cagayan. She is 43 years old. Susan is married and has 5 school-aged children. To make a living, Susan makes and sells peanut butter in their community. Susan is just starting this business.

In 2009, Susan joined ASKI to gain access to financial services to help improve her living situation and give her the ability to engage in business activities. Susan is requesting a new loan of 5000 PHP which will be used to purchase new items to expand product offering. This loan will be the first loan taken out by Susan from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of the borrower's children.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 21 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 1485
    View loans »
    Philippines Loans Fundraising
  • $59,115,875
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Susan to purchase raw ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Dec 13, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010