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Vener
Vener is a 47 year old father who raised his family in a village. He aimed to educate his two children and give them a better future. Despite the hardships of life, he is striving hard to earn income and support the education of his children. He is one of the jeepney drivers in their village for almost 10 years and usually earns a profits of P7,000 a month that he used to acquire their necessities and allowances of their children.

He wants to ask for an additional capital of P13,000 to buy gasoline, wheels and spare parts for his jeepney. He believes that through this loan, he can continuously use his jeepney and provides a better service to his passengers. He is hoping that he can able to increase his income and give his family a better future.

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
  • 1487
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Vener to buy gasoline, wheels and spare parts for his jeepney.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012