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Xerses lives peacefully in Solana with his spouse and child. Xerses is 33 years old. His wife is a day care worker while he sells and distributes soft drinks to stores in their village and nearby communities. He uses his motorcycle to transport his products. He has been doing it for four years now. He usually gains about PHP 8,000 each month and it goes on the family's sustenance. He also uses another part of his income as revolving capital.

He would like to increase his profits that is why he is asking for a loan of PHP 20,000 to buy cases of soft drinks to sell. It will help increase his sales capacity and income as well. Xerses hopes to keep extending his good services to his customers and become a sucessful entreprenuer for the overall welfare of 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
  • 1490
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Xerses to buy cases of soft drinks to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 6, 2013
Feb 6, 2013
Currency Exchange Loss:
Aug 23, 2013