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Raquel is 41 years old and lives with her husband and one child. She has a stall where she sells variety of accessories. She is a friendly and enduring woman. People are looking for her and her products because she offers very affordable, yet high quality items. This causes an increase in demand for her.

She is a woman who has many goals in life. Raquel wants to grow her business, finish her children’s education and improve their living situation. To accomplish all of her dreams, she is requesting a loan 25,000 PHP to purchase cell phone accessories, hangers, clippers, beepers and toys as additional products to offer.

She is very determined to be successful. So with her tirelessly working in her business everyday and having faith in God, she will soon be able to achieve financial security and a better quality of life.

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
  • 988
    View loans »
    Philippines Loans Fundraising
  • $63,411,650
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Raquel to purchase cell phone accessories, hanger, clippers, beepers and toys as additional products to offer.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 28, 2011
Feb 1, 2012
Currency Exchange Loss:
Sep 15, 2012