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Alfonso
Alfonso is a hardworking father who lives at Furagui with his wife and three children.

He has been providing a transport service for three years now. He is borrowing a loan of PHP 8,000 to maintain his business. He would like to keep providing safe travel so he can save income for his children's education. From his loan, he will buy gasoline and crude oil used in his transportation business.

Someday, Alfonso hopes to save enough to buy hogs to raise that would increase their income. It will help alleviate his family from their poor living conditions.

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
  • 340
    View loans »
    Philippines Loans Fundraising
  • $52,172,975
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Alfonso to buy gasoline and crude oil used in his transportation business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013