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Clarita manages a sari-sari (variety) store and lives serenely at Estefania with her husband and two children. Clarita's family relies on her husband’s farming business and her retail store – which she has been running for over five years – for their income. She wants to keep earning a good income from her business so she can provide a good education for her children but she lacks funds to buy more merchandise to sell, so she is asking for PHP 50,000 to buy canned goods, biscuits, eggs, bread and noodles to sell. This will help increase her sales capacity.

Clarita promises to be responsible for paying back her loan. She hopes she and her husband will keep making good profits from their businesses so they can achieve a prosperous life for their 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

  • $7,000
    Average annual income
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,200,750
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Clarita to buy canned goods, biscuits, eggs, bread and noodles to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 30, 2012
Nov 6, 2012
Currency Exchange Loss:
May 24, 2013