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Benjamin
Benjamin is married and 63 years old. He has a service shop where he repairs shoes and bags. Benjamin has had this business for seven years. Benjamin is requesting a loan of 50,000 PHP to buy materials used in making bags and shoes, such as leather, shoe nails, etc. Each month, Benjamin earns about 5,000 PHP doing this work. In the future, Benjamin hopes that his business will become more progressive to sustain the needs of his family.

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
  • 230
    View loans »
    Philippines Loans Fundraising
  • $52,032,975
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Benjamin to buy materials, such as leather and shoe nails, used to make bags and shoes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 26, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014