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Nickson
Nickson is 25 years old, married and blessed with two children. He is a van driver who travels from Aparri to Tuguegarao and vice versa. He travels this route every day just to earn a better income for his family.

With his determination to achieve a better way of living, he is requesting a loan of 35000 PHP to use for repairs and maintenance of his van and to purchase personal products such as makeup, lipstick and perfume for his wife’s business.

This source of income would increase their net income every month and improve their living. He hopes that their business will prosper through the loan requested.

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
  • 891
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Nickson to pay for repairs and maintenance for his van and to purchase personal products such as makeup, lipstick and perfume for his wife’s business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013