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“Keep your dreams alive. Understand to achieve anything requires faith and belief in yourself, vision, hard work, determination, and dedication. Remember all things are possible for those who believe,” is an expression of Ricardo, a 46-year-old businessman. He is an owner of a variety store operating successfully for 12 years and earning a PHP 10,000 every month.

An optimistic person like Ricardo provides further positive results in every inch of his work. He keeps on dreaming and wishes to achieve his dream through a loan of PHP 10,000 as additional working capital. This will be used to buy supplementary stock such as soft drinks for his variety store. He hopes this would be a big contribution to achieve success.

He hopes for every success in his operation to help more people.

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
  • 1066
    View loans »
    Philippines Loans Fundraising
  • $63,502,950
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ricardo to buy supplementary stock such as soft drinks in his variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 18, 2011
Sep 8, 2011
Currency Exchange Loss:
Mar 16, 2012