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Alma
Alma is 43 years old and now a widow. She owns and manages a small restaurant located in a rural community. As it is the main source of her income, she aims to improve and strengthen the business to generate sufficient income to cover their necessities and support the financial needs of her three children. Due to insufficient capital, she is asking for a loan of 30,000 Philippine pesos to buy fresh meat, fish, vegetables, seasonings and other ingredients needed in the restaurant. She believes that this loan will enable her to improve the business and hopes that she will be successful 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
  • 1424
    View loans »
    Philippines Loans Fundraising
  • $59,139,250
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Alma to buy fresh meat, fish, vegetables, seasonings and other ingredients needed for her restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013