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Jessica is 25 years of age and single. She has run her retail store for four years. Aside from this business, she also engages herself in a hog-raising business. According to her, she earns about PHP5,000 a month.This amount only covers their household expenses, due to the large number of household members. She is the fourth child among the nine siblings.

Jessica works hard to make a living. She aspires to save money for her business expansion. But this time she needs to improve and re-stock her retail store to be able to obtain her goals in life. Jessica has requested a loan of PHP7,000 to allow her to buy necessary stocks of merchandise. She knows that in this way, she can help her parents in generating funds to be able to supply the needs of her hog-raising business.

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
  • 1934
    View loans »
    Philippines Loans Fundraising
  • $61,100,300
    Funds lent in using Kiva
  • 41.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Jessica to buy necessary stock of merchandise for her retail store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 11, 2012
Oct 18, 2012
Currency Exchange Loss:
Apr 22, 2013