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Tessie is mother who runs a small variety store in her village. She aims to improve her business and increase her income to satisfy her family's necessities and finance the education of her two children. She and her husband aim to uplift their status of living to give their children a better life. Despite problems and difficulties in life, they have the determination improve their business. Tessie is asking for an additional capital of PHP 10,000 to buy canned goods, biscuits, candies, junk foods, beverages, noodles, soaps, seasonings, and soft drinks to sell. She believes that someday she will make the business grow and improve their status of living as they continue to work hard and strive harder.

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
  • 990
    View loans »
    Philippines Loans Fundraising
  • $63,411,650
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Tessie to buy various items to sell in her variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 17, 2012
Nov 4, 2012
Currency Exchange Loss:
May 24, 2013