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Cecilia
Cecilia is 61 years old, married, and has five children. She is selling grocery items to the people in her village and gains about P5,000 each month. It goes for the family's subsistance. She hopes to keep selling good products and to increase sales; that is why she is asking for a loan of P8,000 to buy more merchandise such as canned goods, noodles, eggs, soap and shampoo to sell in her store.

Cecilia will keep adding good products and services to achieve the good development of her business.

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
  • 1261
    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 $200 helped Cecilia to buy canned goods, noodles, eggs, soap and shampoo to sell in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013