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Making and selling furniture has been Ernesto's business involvement for more than 15 years. Aside from furniture, he also raises corn crops within his local community. Farming has been the primary source of income for most of the families nearby. With his sacrifices and dedication, he is able to improve his furniture finish. Nowadays, he is able to sell his finished furniture products within his locality and nearby municipalities. Ernesto hopes that his furniture shop business will continue to grow smoothly, for him to obtain better income and satisfy his customers' demand.

Ernesto would like to take a loan of PHP 18,000. The loan will allow him to buy wood, varnish and nails, for his manufacturing business. He knows that this amount of borrowed capital will help him to realize his goal, in life and in his business. He hopes that his requested loan amount will be granted, so he could give his family a better way of living and improve his financial status.

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
  • 1223
    View loans »
    Philippines Loans Fundraising
  • $63,466,825
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ernesto to buy wood, varnish and nails, for his furniture manufacturing business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 22, 2013
Apr 18, 2013
Currency Exchange Loss:
Oct 23, 2013