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Apollo
Apollo dreams of having his own stall for his business to minimize his expenditures in renting a stall. He doubles his efforts to grow his business faster and reach his dream.

Apollo is 43 years of age, married and blessed with two children. His wife is his partner in managing their restaurant business. They have three assistants in running the business. Apollo has been in this business for eight years. He wants to extend his business to gain more profits and make his dream a reality. Apollo is asking for a loan of 50,000 PHP to buy spices, meat and vegetables to cook. He hopes to extend the business by availing this loan.

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
  • 1239
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Apollo to buy spices, meat and vegetables to cook.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014