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Teresa
Teresa is 42 years old and married with five children. Two of her children are already married. For the past 20 years, Teresa has owned and operated a food vending business where she sells frozen foods, fish, and meat products. She also sells snacks in the mornings and afternoons in her village. Her annual income is 12,000 PHP. Teresa's husband currently works buying and selling hogs.

Teresa is requesting a 12,000 PHP loan to purchase food products to sell. She will use the profit from her loan for the education of her children and to provide for her family's daily expenditures.

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
  • 1300
    View loans »
    Philippines Loans Fundraising
  • $56,301,400
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Teresa to purchase food products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2013
Listed
Jan 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013