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Despite the hardship of living, Teresa is aiming for a happy and successful life. She is 47 years old and has five school-age children. She and her husband plan to continue sending their children to school so that they will become professionals in the future.

In this regard, Teresa aims to improve her tailoring business to generate sufficient income. She is asking for an additional capital of PHP 25,000 to buy curtain cloth, needles and fabrics needed in her tailoring business. She is hoping that this financial assistance will be a great help for her to improve the 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
  • 999
    View loans »
    Philippines Loans Fundraising
  • $63,411,650
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Teresa to buy curtain cloth, needles and fabric needed in tailoring.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 28, 2013
Feb 19, 2013
Currency Exchange Loss:
Jun 22, 2013