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Susan
Susan is a college undergraduate. She is married and blessed with four children. Susan formerly lived abroad; when she got home in 2005, she started to run her own "carinderia" (mini-restaurant). She is very thankful to God because her carinderia runs smoothly. Susan has also operated a boarding house for ten years. With the profits earned from her carinderia and boarding house, she was able to allow two of her children to finish their studies and now only two of her children go to school.

According to Susan, she is able to sell twelve menus a day due to the good taste of her menus and the quality service she offers to her costumers. For improvement to her carinderia, Susan is now in need of additional capital amounting to 9,000 PHP which will allow her to buy more kilograms of raw meat, ingredients and different kinds of vegetables. She believes that through the amount of this loan she requested, she will be able to have a progressive business, which will enable her to send her two children on to a higher level of education, sustain their daily needs and have a better way of living.

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
  • 395
    View loans »
    Philippines Loans Fundraising
  • $50,833,200
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Susan to buy more raw meat, ingredients and different kinds of vegetables for her mini-restaurant business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013