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Teresita
Teresita's main source of income comes from cooking and selling "pancit" and "sopas" and other snacks in their local community. She is 50 years old and is married. They are from the village of Del Pilar. Teresita has been in her business for over 12 years and earns approximately 300 Philippine pesos (PHP) a day.

Right now, Teresita is requesting a loan of 45,000 PHP which will be used to purchase raw ingredients for her "pancit" and more curls to sell. She plans to use the additional income to improve and expand her business.

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
  • 1283
    View loans »
    Philippines Loans Fundraising
  • $56,276,425
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Teresita to purchase raw ingredients for her "pancit" and more curls to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2012
Listed
Aug 8, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012