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Leonardo
Leonardo, 52, is married and has two children. To make a living, Leonardo owns and operates a food stall. While not the only means for generating revenue, the main source of income for the business comes from tending a canteen in the market. Leonardo has been engaged in his business for fourteen years and earns approximately 2,000 PHP a day for these activities. Now, he is requesting a loan of 30,000 PHP to purchase meat and vegetables to cook and sell. Leonardo plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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
  • 1255
    View loans »
    Philippines Loans Fundraising
  • $57,883,475
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Leonardo to purchase meat and vegetables to cook and sell,.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 21, 2013