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Teresa
Teresa runs her rolling store wherein she offers a variety of vegetables, fruits, native cakes, meat such as pork and chicken and different kinds of ingredients. She has been doing this kind of business for four years. Teresa is 42 years old, married and has four children. All her four children are still studying, that's the reason why she doubles her effort to earn for greater profit.

Teresa used to transport her goods using her motorcycle. She aims to put up her own stall so that she could economize her expenses on transporting her goods. In order to obtain her goal, she is requesting for additional capital of PHP15,000 which will be use to buy vegetables, meat, native cakes, fish and fruits so she could increase her sales and profit. She knows that her success relies on how she handles her food production business and also economizing her family household expenses, most especially their monthly electric bill. In this way, she could save a greater amount for her children's future.

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
  • 1520
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Teresa to buy vegetables, meat, native cakes, fish and fruits for her food production sales.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013