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Teresita
Teresita is a mother who loves to cook. She sell meals and snacks in front of the school campus. This is her way of helping her husband to generate income. She is now 49 years old and has only one child. With the help of her husband, they are able to satisfy their necessities and support the education of their child.

Despite the hardship of living, Teresita aims to improve the business so that she can increase her income. Due to insufficient capital, she wants to ask for an additional 20,000 PHP to buy pork, fish, vegetables and ingredients needed to cook and sell in her food stall. She believes that the loan will be a great help to her in improving her business. She hopes that someday her business will grow and become a viable source of income.

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
  • 340
    View loans »
    Philippines Loans Fundraising
  • $52,188,500
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Teresita to buy pork, fish, vegetables and ingredients needed to cook and sell in the food stall.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012