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Gliceria
Gliceria B. is from the village of Brgy. Buliwao, Quezon, Nueva Vizcaya. She is 39 years old. Gliceria is married and has three school-aged children. To make a living, Gliceria owns & operates a business operating a motorcycle transport service. Gliceria has been engaged in her business for over nine years and earns approximately 8,000 PHP a month for these activities.

In 2007, Gliceria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gliceria has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to repair an existing vehicle for better service. Gliceria is requesting a new loan of 12,000 PHP, which will be used to purchase a new transport unit. This loan will be the seventh loan taken out by Gliceria from ASKI. She plans to use the additional revenue generated from the business to improve/expand her business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly 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
  • 1062
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 45.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Gliceria to purchase a new transport unit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2010
Listed
May 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010