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George
George is 33 years old, married and has three children. To generate income, he is providing a motorcycle transport service to the people in his village. From this business, he is able to gain PHP 300 each day. He is not contented with his income because the cost of living today is expensive. All his children are attending school too. He is now borrowing a loan of PHP 20,000 to buy tires, gasoline and crude oil used in the transport business. This will maintain the smooth flow of his operation.

With a good income from the business, he will give the best education to his children and someday lead them to income stability.

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
  • 1247
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped George to buy tires, gasoline and crude oil for his motorcycle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013