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Crestita
Handling a business was quite difficult at the start according to Crestita. But as time has passed, Crestita has learned a lot of things and has adopted new marketing strategies to improve her general store's business. She now manages livestock, a corn field, and a general store.

Crestita is married and has four children. Through the profits gained from raising hogs and corn crops she has been able to educate her children. Currently, she only spends some of her profit on education, as her youngest child is a fourth year college student.

Crestita's principle in life is to have a stable source of income, so that whenever she and her husband got weak they have their own savings to rely on in times of emergency. Crestita would like to ask for another loan of PHP 12,000 which will be used to buy more merchandise for her general store. Through this additional working capital, she could increase her sales and profits profits and provide greater custumer satisfaction.

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
  • 1489
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Crestita to buy additional stock of merchandise for her retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013