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Carolyn P. is from the village of Parog-Parog, Solana, Cagayan. She is 41 years old. Carolyn is married and has two school-aged children. To make a living, Carolyn runs a general store, selling a variety of different products in the local community. Carolyn has been engaged in her business for over three years and earns approximately 5,100 Philippine pesos (PHP) a month from it.

Carolyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carolyn has successfully repaid a previous loan of 25,000 PHP from ASKI. Carolyn is requesting a new loan of 25,000 PHP, which will be used to purchase new items to expand her product offering. This will be the seventh loan taken out by Carolyn 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
  • 2079
    View loans »
    Philippines Loans Fundraising
  • $61,189,400
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Carolyn to purchase new items to expand her product offering.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 4, 2010
Sep 4, 2010
Currency Exchange Loss:
Feb 15, 2011