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Cecilia
Cecilia is 36 years old and a single woman. She lives at Ugac Sur. She runs a store and sells groceries and other items, for a living. She has been in her business for over 10 years. She usually earns PHP 20,000 each month in her business. She uses her income for meals, bills at home, and revolving capital for use in the business.

She is now asking for a loan of PHP 40,000. She will use it to buy more items to sell in her store, like canned goods, eggs, soft drinks, soap and shampoo. The purchase of inventory will help increase her sales capacity, and income as well.

Cecilia hopes to keep improving her small business, to attain financial independence someday. Further, she hopes to keep growing as a successful entrepreneur.

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
  • 866
    View loans »
    Philippines Loans Fundraising
  • $54,407,150
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Cecilia to buy items to sell in her store, like canned goods, eggs, soft drinks, soap and shampoo.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013