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Rebecca
Rebecca R. is from the town of Bayombong,Nueva Vizcaya. She is 61 years old. Rebecca is widowed and has 4 adult children. To make a living, Rebecca owns & operates a specialized retail store, selling personal products such as glasses and watches in the local community. Rebecca has been engaged in her business for over 5 years and earns approximately 6000 PHP a month for these activities.

In 2009, Rebecca joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Rebecca has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Rebecca is requesting a new loan of 15000 PHP which will be used to purchase new items to expand her product offering. This will be the 5th loan taken out by Rebecca from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of 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

  • $1175
    Average annual income
  • 626
    View loans »
    Philippines Loans Fundraising
  • $53,351,650
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Rebecca to purchase new items to expand her product offering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011