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Razel
Razel has manages a school canteen for nine years. She is married to a farmer and has three children. The couple works together to have a better way of living and to send their children into higher level of education.

Razel's spouse is a supportive and responsible man. She is thankful to God because despite the difficulties and hardship she has encountered in her life, she is still able to stand up with courage to surpass all those things. For now, one of her children has gotten married at early age while the other two are still studying. She desires to let them finish their studies so they can find better opportunities someday.

Razel plans to increase the merchandise she offers at school so she can earn better profits, which will serve her family needs including the education of her children and be able to provide the farm supplies of her rice field. With regards to this matter, she ask for a loan of PHP 10,000. She knows that she could attain her goals in life through the unending financial support provided by the lenders.

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
  • 501
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 41.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Razel to buy ingredients of pancit, soft drinks, assorted biscuits, candies, and breads for her school-based store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013