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Angelito
Angelito is a hardworking father who is raising his family in a rural community. He is 42 years old and has three school-age children. Despite the hardship of living, he aims to uplift their status of living to give his children a better life. Due to insufficient income, he set up a small variety store in their house while his wife presently works in one of the private companies in Nueva Vizcaya. Angelito aims to improve the business to generate sufficient income. He is asking for additional capital of PHP 20,000 to buy soft drinks and other beverages, canned goods, soaps, noodles, eggs, junk food, biscuits and seasonings to sell. Through this loan, Angelito believes that he will improve his business and make it more profitable.

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
  • 1487
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Angelito to buy soft drinks and other beverages, canned goods, soaps, noodles, eggs, junk food, biscuits and seasonings to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013