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Fortunata
Fortunata is a responsible housewife who has owned and managed a variety store for almost 20 years. She is now 49 years old and blessed with three siblings. With her husband, they aimed to become successful and financially stable to educate their children and give them a better life. Currently, two of their children are now in tertiary education and they are in need more financial support. In this regard, Fortunata aimed to strengthen her variety store in order to increase her income. She is asking for additional capital of 50,000 PHP to buy additional stocks of noodles, frozen foods, beverages, seasonings, soft drinks and vegetables for sale. Through this financial assistance, she believes that she will further improve the business and increase her income.

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
  • 1234
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Fortunata to buy additional stocks of noodles, frozen foods, beverages, seasonings, soft drinks and vegetables for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 23, 2013