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Avelino
Avelino is a public servant. He is a Barangay official (smallest unit of town) at Capatan. Aside from being an official, he runs a store with his wife as his partner. They have been operating their store for almost five years. They usually earn about PHP 3,000 each month. The couple has three children who attend school.

Avelino is now asking for a loan of PHP 25,000 to buy more grocery items, such as noodles, detergent, soap, eggs and breads to sell.

Someday, Avelino would like to earn consistent profits from the business and continuously extend good public service to the locals.

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
  • 295
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Avelino to buy more grocery items, such as noodles, detergent, soap, eggs and breads to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2012
Listed
Mar 10, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2012