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Fe
Fe, 40 years old, is married to a carpenter and blessed with three children. They are currently residing in the village of La Paz. She owns and operates a clothing business, particularly selling some used clothes in their village. In this business, she's earning a net income of PHP 12,000 a month. She would like to avail a loan amounting to PHP 25,000 to purchase used clothes to sell. According to Fe, her net income usually goes to the allowances and tuition fees of their children. She's hoping that her requested loan will be granted immediately so that her business will become more profitable.

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
  • 1248
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fe to purchase used clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013