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Damiana
Damiana A. is from the village of Calamagui. She is 49 years old, married and has nine school-aged children. To make a living, Damiana owns and operates a business venture providing manicure and pedicure services to local community members. Damiana has been engaged in her business for over 30 years and earns approximately 5,200 PHP per month from these activities.

In 2007, Damiana joined Kiva partner, 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 of 25,000 PHP from ASKI. This loan was used to purchase materials needed to provide services. Damiana is requesting a new loan of 27,000 PHP, which will also be used to purchase materials needed to provide services. This loan will be her seventh from ASKI. She plans to use the additional revenue generated from the business to improve and 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, 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
  • 1448
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Damiana to purchase materials needed to provide services.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2010
Listed
Oct 16, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011