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Vicente has sold plastic products and garments for more than 16 years. He sells his products in many municipalities, such as Cagayan, Claveria and Sta. Ana. He is thankful because his business is continually growing. He has four helpers, as well as his own service for transporting his products.

Vicente is able to sell 15 sets of plastic furniture each day. He would like to increase the number of items that he offers in order to supply all his buyers satisfactorily. Therefore, he is requesting a loan of 30,000 PHP. This loan will allow him to buy 100 sets of mono block chairs and tables. He knows that he will be able to reach his dream because he has the ability to adopt new marketing strategies and techniques.

Vicente is grateful for the continuous financial support that Kiva lenders provide, for it will help him increase his profits. In this way, he can educate his three children and give them a higher standard of living.

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
  • 758
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Vicente to buy 100 sets of plastic furniture to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 16, 2012
Nov 1, 2012
Currency Exchange Loss:
Apr 22, 2013