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Ma. Teresa
From buying vegetables and root crops in the market and selling them in different villages, Ma. Teresa now has a stall in the market selling a variety of vegetables. She shares that what she has now is just the fruit of her struggle in running the business. Ma. Teresa is a widowed mother of five children who are attending school.

After 12 years of running the business, Ma. Teresa is able to provide her children basic necessities and allowances in school. She wanted to borrow a loan of PHP 10,000 to buy beans, carrots and cabbage to sell. She hopes to increase her income to further take care of her children's needs in school.

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
  • 2103
    View loans »
    Philippines Loans Fundraising
  • $61,219,850
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ma. Teresa to buy beans, carrots and cabbage to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 13, 2013
Apr 15, 2013
Currency Exchange Loss:
Sep 19, 2013