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Leticia
Leticia has been a simple businesswoman of Gonzaga, Cagayan, for seven years. A grocery industry is the only source of her income, and this is very difficult for her because she can't afford the demands of one family. Her profit is not enough to provide for the needs of her family’s demand (seven children). But despite the hardship of life, she sees the brightness of the other side.

She found ASKI as her partner in improving her business to become more productive. She is now asking for a loan amount of 30,000 PHP (Philippines pesos) to purchase additional grocery items such as salt, cup noodles, fish paste, straw, breads, biscuits and canned goods.

She said that she is fortunate that she has ASKI to help her, and most of all, she has our Almighty God that leads her into this organization. She hopes that Kiva lenders will provide more funds to help others in order to lift their beloved family from poverty.

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
  • 377
    View loans »
    Philippines Loans Fundraising
  • $50,935,875
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Leticia to purchase additional grocery items such as salt, cup noodles, fish paste, straw, breads, biscuits and canned goods.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013