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Raul
Raul is an industrious bachelor who is engaged in selling slippers in his community. Because of the poor standard of living he had before, he works hard. He doesn’t want to fall back into poorer living. He is 42 years old and wishes for a good life and a brighter future.

Therefore, he is asking for a loan of an amount of PHP 40,000 to buy shoes, sandals and slippers as additional goods to sell. He hopes this will lead to a boom in his income and will allow his business to prosper and his living standards as well.

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
  • 627
    View loans »
    Philippines Loans Fundraising
  • $53,351,650
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Raul to buy shoes, sandals, and slippers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013