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Tessie
Tessie’s restaurant is located next to the public park in her municipality. Tessie started her business using an ambulatory cart to carry a basket with the food she cooks to sell at schools and some business establishments. Tessie works hard in order to grow her business.

Tessie’s hard work has funded her restaurant business as it exists today. Now, Tessie operates her restaurant business from a stall that she rents. Tessie is striving to reach her dream, which is to own her own stall. Tessie believes that taking out a loan of 50,000 PHP will help her to quickly realize her dream. She plans to use the loan to buy meat, other ingredients used in cooking the menu she serves and soft drinks for her restaurant business. She hopes to increase her income and to have her own stall 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
  • 274
    View loans »
    Philippines Loans Fundraising
  • $53,057,200
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Tessie to buy meat, other ingredients used in cooking the menu she serves and soft drinks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 11, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 26, 2013