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Santiago
Santiago is a 39-year-old married man with two children. He provides motorcycle transport services as a business. Income from it serves as the family's sustenance for meals and school expenses. He hopes to give the best education for his children.

This time, he has insufficient funds to maintain his motorcycle so he is asking for a loan of P9,000 to buy tires, gasoline, and crude oil for the motorcycle.

Someday, Santiago hopes to keep ensuring safe travel for all his passengers. This way, it will also help increase his income for the overall welfare of the 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

  • $7,000
    Average annual income
  • 1403
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Santiago to buy tires, gasoline, and crude oil for the motorcycle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012