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Lucrecia
Lucrecia S. is from the village of Rizal, Quirino, Isabela. She is 61 years old. Lucrecia is married and has three adult children. To make a living, Lucrecia owns and operates a specialized retail store. The main source of income for the business comes primarily from selling fruits and vegetables, meat, and fish in the local community. Lucrecia has been engaged in her business for more than 10 years and earns approximately 9,000 PHP a month for these activities.

In 2008, Lucrecia joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Lucrecia has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Lucrecia is requesting a new loan of 6,000 PHP, which will also be used to purchase additional products to sell. This loan will be the fifth loan taken out by Lucrecia 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, fishers, and small-business 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
  • 1471
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 44.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Lucrecia to purchase additional products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2010
Listed
Aug 21, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011