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Fernando
Fernando, 56 years old, is married and has six children, two of whom are still in school. His wife and the rest of his children are helpers in their carinderia (restaurant) business. They clean, wash the dishes, serve food, and buy ingredients while Fernando cooks and sells food for daily meals and snacks. He has decided to take out a loan of PHP 15,000 to improve his business. He will use it to buy meat, onions, vegetables and ingredients used to cook meals.

Fernando's aim is to maintain a good relationship with his family and with his customers to increase sales capacity that will someday lead him to the betterment of his family's living conditions.

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
  • 304
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Fernando to buy meat, onions, vegetables and ingredients used to cook meals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012