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Teresa's determination pushes her to strive hard to obtain her goal in life. She is married with one child. Teresa has run a variety store for more than 10 years. She is thankful because her perseverance and patience resulted in a little success.

Teresa's previous loans helped her a lot, most especially in improving her financial stability and way of life. This time, she still aims for a continuous smooth flow of her business. For this reason, she is asking for another loan amounting to 20,000 PHP (Philippines pesos). She will use this amount in buying stock of grocery items such as eggs, cooking oil, soft drinks, canned goods, instant noodles and shampoo. Teresa hopes for approval of her requested loan amount in order for her to obtain better profit and progressive 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
  • 1603
    View loans »
    Philippines Loans Fundraising
  • $60,713,650
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Teresa to purchase grocery items such as eggs, cooking oil, soft drinks, canned goods, instant noodles and shampoo for her variety store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 14, 2013
Mar 16, 2013
Currency Exchange Loss:
Apr 22, 2013