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Wilfredo
Wilfredo, 59, is unsatisfied with the income from his 'sari-sari' business because it is not enough to cover the family's necessities. With this in mind, he is requesting a loan of PHP 7,000 to purchase additional items such as canned goods, noodles, spices, vinegar, cooking oil and soft drinks. He hopes that someday, they will experience a better standard of living through the enhanced income from his 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

  • $1175
    Average annual income
  • 964
    View loans »
    Philippines Loans Fundraising
  • $54,424,950
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Wilfredo to purchase additional merchandise such as canned goods, noodles, spices, vinegar, cooking oil and soft drinks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013