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Christopher
Christopher is 37 years old, married, and has three children attending school. His children are all in the elementary level of education. Christopher is doing his best for the better future of his family. He is a farmer who grows rice in their village. Christopher shares that he did not succeed in farming for the previous season because of subsequent calamities.

Christopher doesn’t want to end his line of business in that situation. Instead, he continues his journey and put up another business. Now, Christopher is also engaged in a bakery business in their village. As a start-up business, Christopher needs additional working capital for his business. He is asking for a loan of P50,000 to buy flour, sugar and trays to use in making bread. Christopher wishes to succeed with his new business and manage it well for its future growth.

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
  • 1493
    View loans »
    Philippines Loans Fundraising
  • $59,200,750
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Christopher to buy flour, sugar and trays to use in making bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013