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Lydia
Lydia is 49 years old and has two school-age children. She owns and manages a small eatery in their community while her husband manages their farm. They aim to continue sending their children to school so that they will become professionals in the future. Due to the high cost of commodities and school fees, Lydia aims to strengthen her business to earn a higher income. Due to insufficient capital, she is asking for an additional PHP 30,000 to buy the needed ingredients, seasonings, pork, fish and vegetables to be cooked and sold in the eatery. Through hard work and strong determination, she believes that she will become successful in the 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

  • $1175
    Average annual income
  • 1162
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Lydia to buy the needed ingredients, seasonings, pork, fish and vegetables to be cooked and sold in her eatery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013