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Dionicio
Dionicio is 38 years old and is married to Violeta, the couple is thankful because they had been blessed with one child. Dionicio had been operating a motorcycle transport service in his village for five years.

A profit generated from his business is just enough to cover their everyday expenditures for food and the monthly electric bill. He is facing financial difficulties at this moment so he needs additional capital. For this reason, he is now asking for a loan of PHP 6,000 to buy gasoline and for the maintenance of the motorcycle.

In the future, he wants to improve his services and acquire a good income to continuously operate the smooth flow of his operation.

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
  • 1273
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Dionicio to buy gasoline and for the maintenance of the motorcycle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 13, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012