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Teresita
Teresita is 48, married, and has four children. They live in a village planting rice and raising livestock for sale. As responsible parents, they aim to educate all their children and give them a better life. Due to financial difficulty, Teresita engages in buying and selling fruits and vegetables to supplement her husband's income. She aim to acquire more stock of fruits and vegetables to sell in the market but she has limited capital.

In this regard, she is asking for a loan of P15,000 to buy more stock of tomatoes, garlic, onions, ginger, potatoes, cabbages, sweet potatoes and squash to sell. She believes that the loan will help her to improve the business and hopes that she will become successful and financially stable 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

  • $7,000
    Average annual income
  • 1536
    View loans »
    Philippines Loans Fundraising
  • $59,090,400
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Teresita to buy more stock of tomatoes, garlic, onions, ginger, potatoes, cabbages, sweet potatoes and squash to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013