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Felisa is a businesswoman who has a small grocery store where she sells basic daily needs such as canned goods, shampoo, spices, body creams and other products. She has benefited from prior loans, which she invested in her business. The current loan that she is requesting is to purchase basic grains such as rice, sugar, canned goods, snack foods, and candies to sell. In addition, she will buy cosmetics such as lotions, creams and shampoo. Her husband and children help her tend to the business after they arrive home from school.

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
  • 1422
    View loans »
    Philippines Loans Fundraising
  • $59,139,250
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD
A loan of $1,200 helped Felisa to buy rice, sugar, canned good, snack foods, and candies for her store.
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Jun 6, 2012
Jul 6, 2012
Currency Exchange Loss:
Aug 5, 2012