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Rosario
Rosario has been operating a small store in front of her house at Amulung. She is 49 years old, married and has four children. Two of them still attend school and are supported by Rosario. She is married to Celestino, a farmer in their village. They work untiringly to provide sustenance for the family.

Rosario would like to improve her small store and stock more merchandise to sell and able to increase her earnings too. She is now borrowing a loan of 40,000 PHP to buy canned goods, soft drinks, eggs, biscuits, soap, and shampoo to sell to her customers. Another part of the loan will be used for her spouse's farming business: she will buy fertilizers for the rice crop.

With good profits from their businesses, Rosario hopes to achieve a prosperous life for 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
  • 341
    View loans »
    Philippines Loans Fundraising
  • $52,130,550
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Rosario to buy canned goods, soft drinks, eggs, biscuits, soap, and shampoo.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2012
Listed
May 5, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012