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Balbina N. is from the village of San Isidro, Cauayan City, Isabela. She is 61 years old, married, and has four adult-aged children. To make a living, she owns and operates a general store, selling both food and daily use products in the local community. She has been engaged in her business for over eight years and earns approximately $163 a month for these activities.

In 2007, Balbina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from ASKI. This previous loan was used to purchase additional products to sell.

Balbina is requesting a new loan of 15,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 8th loan from ASKI. She plans to use the additional revenue generated to improve her business.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolk 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
  • 1934
    View loans »
    Philippines Loans Fundraising
  • $61,100,300
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Balbina to purchase additional inventory and as working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 8, 2010
Oct 4, 2010
Currency Exchange Loss:
Mar 24, 2011