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Raquel
Raquel has the characteristics of being patient and a hard worker. She is a mother of two children and is engaged in a food selling business. She sells a variety of food for snacks such as “malagkit," a type of rice. Making this food requires a lot of ingredients and because of this, she is asking for a loan of P15,000 to purchase coconut milk, sugar, rice and flour. She hopes to improve her small business to sustain the needs of 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

  • $1175
    Average annual income
  • 1292
    View loans »
    Philippines Loans Fundraising
  • $56,442,200
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Raquel to purchase coconut milk, sugar, rice, and flour for making malagkit to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2012