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Pedro
Pedro is a responsible father who runs a small restaurant in his community to generate income. He is 28 years old, married, and has two infant children. To lessen the hardship of his life, he plans to improve his restaurant and increase his income. He hopes to improve his family's standard of living and give them a better life. Since he does not have sufficient capital, he is asking for a loan of PHP 15,000 to buy fresh meat, fish, vegetables and seasonings to be cooked and sold in the restaurant. As he is a hard-working father, he believes that he will be able to improve his business with this financial assistance. In the future, he is hoping that he will become financially stable.

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
  • 1306
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Pedro to buy fresh meat, fish, vegetables and seasonings to be cooked and sold in his restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 23, 2013