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Filomena
Filomena manages a tailoring business where she usually earns a net income of 4,000 PHP a month. She spends her income mainly for the education of her four children. Her husband assists her in supporting their daily needs through farming.

Wanting to make her business more productive, Filomena opted for a loan from ASKI and KIVA lenders of 15,000 PHP. She will use the loan to purchase cloth, needles and threads. In the future, Filomena dreams of having her Ready-to wear (RTW) shop in the market.

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
  • 1456
    View loans »
    Philippines Loans Fundraising
  • $59,251,750
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Filomena to purchase cloth, needles and threads.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2011
Listed
May 15, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011