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Cecilia is a 50-year-old high school graduate who operates a sari-sari store (variety store). She is thankful that she completed high school because she knows how to manage her own business. She has been engaged in this business for 20 years. The profits from her business have helped to pay for the education expenses for her four children. She also plans to sell bananas. She is seeking a loan for 40,000 PHP to buy groceries such as sugar, noodles, and biscuits to stock in her store and bananas to sell in the market every market day. Cecilia will work harder for her businesses to earn a higher income. She hopes that her wish loan will be granted.

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
  • 1603
    View loans »
    Philippines Loans Fundraising
  • $60,713,650
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Cecilia to buy groceries such as sugar, noodles, biscuits, and bananas.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 8, 2012
Dec 1, 2012
Currency Exchange Loss:
May 24, 2013