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Danilo
Danilo runs a spare parts business where he repairs machines such as vehicles and farm machinery. Now in his fifties, Danilo has been running his business for almost 31 years.

He is requesting a loan in the amount of PhP 50,000 in order to buy spare parts for his business.

Danilo's greatest wish is to maintain good health so that he can manage his business until his five children finish their college education. His goal is to expand the services he offers to his customers, thus earning more of a profit in order to better sustain his family's needs. He believes that growing his business will help to ensure a better future for his family.

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
  • 1241
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Danilo to buy spare parts for repairing vehicles and farm machinery.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 8, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013