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Henry
Henry's hobby is baking different kinds of bread. His business location was in Mindoro but as time passed, the couple decided to stay here in Isabela to start a bakery business. Henry devotes his time to improving his baked breads to gain a better income and to become a well-known baker someday.

Henry's bakery is now two years old. He is 47 years old, married and has seven children. He would like to educate all his seven children because it's the only inheritance he can give to them. His main priority at this time is to increase the profit he gains so he can save for the bright future of his seven children. At this time, he is starting another outlet of his bakery but his capital is inadequate, so he is requesting PHP 25,000. Some of the loan will be used to buy necessary ingredients such as flour, baking soda and sugar to improve the taste and quality of the baked breads he offers. He knows that someday he could fulfill his dream in life through empowering his business and adopting new strategies in baking new bread recipes.

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
  • 1130
    View loans »
    Philippines Loans Fundraising
  • $54,612,075
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Henry to buy ingredients such as flour, baking soda, and sugar and to pay for maintenance of his bakery.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013