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Domingo
"Working hard is the best way of earning more for the welfare of the family," said Domingo, a 56-year-old man. He is married to Arcelie, his partner in pursuing life and business. Domingo really devotes himself in his business to pay for the growing needs of his two children. His eldest is 15 while his youngest is four. They are still too young to conquer their living conditions, so the couple is striving hard to save for their bright future. He wants to improve his business and fulfill his plan of providing a good education for his children, especially since they are getting older. He is asking for financial assistance of PHP 50,000 to buy more fish, a new weight scale, five Styrofoam containers, and ice. He hopes to have a stable business in order to acquire a better standard of living with his family as well as save for the education of his children.

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
  • 358
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Domingo to buy more fish, a new weight scale, five Styrofoam containers, and ice.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013