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Agnes owns her own clothing and cell shop business. She has been in business for four years. Agnes is happily married and has one child.

Her family lives within the village of Victory Norte, Santiago. According to her, the generated income from her business goes to the rental of house, retail shop, payment for motorcycle,allowance,daily needs and school fees of her child. Nowadays,she is planning to buy more stock clothing since it's December and she knows that it would be sold out immediately due to the season. For this reason, Agnes is asking for a loan P50,000 to buy clothing and cellphone accessories for her retail store business. She hopes that she can fulfill her dreams in life through her patience in managing her business. This would make her business grow and improve her financial stability, which will enable her to improve living conditions for her family.

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
  • 1488
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Agnes to buy clothing and cellphone accessories for retail store business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 30, 2011
Jan 1, 2012
Currency Exchange Loss:
Jun 22, 2012