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Raquel
Raquel is managing a retail store where she is rolling a PHP 15,000 revolving fund in the business. She also sells food snacks and some raw foods like meat and fish around their village in the afternoon. The business has been operating for 16 years. Raquel is currently earning PHP 10,000 income from the business each month. That was used to save as a reserve for future emergencies.

She is 50 years old and married with three children, who are all now in their adult age.

She is requesting a loan of PHP 15,000 that will be used in buying groceries like canned goods, soda, etc., and also pigs to raise in her existing pigpen. She will also buy hog feed for her livestock raising maintenance.

Together with her husband, who is a farmer, Raquel hopes that somehow her managed businesses will grow towards sustainability.

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
  • 1213
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Raquel to buy groceries like canned goods, soda, etc., and also pigs to raise in her pigpen.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013