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Tessie
Tessie is 52 years old, married, and has eight children, three of whom are attending school. She and her spouse operate a small eatery business in front of a school. This way, they generate about P5,000 each month. Aside from cooking and selling meals, Tessie is also raising hogs to sell. All they want is to make the family financially stable and have a better way of living.

She would like to borrow a loan of P20,000 to buy ingredients used in cooking meals and supplies for the maintenance of the hog raising business. With the help of this additional capital, she will ensure good growth of her hogs and make improvements in the eatery business.

Tessie would like to keep providing good service to her customers and gradually save funds for emergency purposes.

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
  • 1149
    View loans »
    Philippines Loans Fundraising
  • $54,880,275
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Tessie to buy ingredients used in cooking meals and supplies for the maintenance of her hog raising business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012