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Fernando
Fernando is an entreprenuer who cooks and sells food for snacks and daily meals. Fernando is 56 years old, married, and has six children. Two children are attending school; the others are married.

He would like to keep offering delicious meals, so he is asking for a loan of PHP25,000 to buy ingredients (cooking oil, vinegar, salt), vegetables and meat. This will encourage costumers to buy foods from his stall.

Someday, Fernando hopes to make improvements on his sales in order to increase his funds for education expenses.

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
  • 226
    View loans »
    Philippines Loans Fundraising
  • $52,051,625
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fernando to buy ingredients, vegetables, and meat for his stall.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013