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Ernesto
Ernesto is a determined and hardworking husband and father of five. Four of his children are married, and his other child is a farmer. Ernesto's wife has been running their livestock business while he has been busy running their corn field and furniture business.

Ernesto's main priority is to develop his finished furniture products so he can sell them at a greater price and encourage more customers to patronize his business. To make his goal possible, he requests a bigger loan amount of PHP15,000 which will be used to buy additional wood and varnish to improve his furniture business. He hopes to make his business more profitable and productive so he can become a better entrepreneur someday.

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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $52,051,625
    Funds lent in using Kiva
  • 42.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Ernesto to buy additional wood and varnish for his furniture business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013