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Teresa
Teresa is from the village of Santa Filomena. She has been engaged in farming for the past three years. With her honesty and hard work, she hopes to continue growing her business.

Teresa is looking for a loan to purchase feed and vitamins for her pigs. She prefers microfinance institutions because of their products and customer-friendly attitude.

This loan will increase her total investment in the business by 25 percent, and she expects her income to increase by 20 percent.

Teresa enjoys the nature of Santa Filomena and lives close to her relatives.

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
  • 1153
    View loans »
    Philippines Loans Fundraising
  • $54,862,550
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Teresa to buy feed and vitamins for her pigs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 6, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012