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Encarnacion
Due to financial difficulty, Encarnacion engages in cooking and selling banana and camote cue (sweet potatoes) in her community in order to generate income. She is 58 years old and is now widowed. She lives with one of her children in a rural community. She aims to continue improving the business but she has inadequate capital. For this reason, she is asking for an additional loan of 5,000 PHP to buy bananas, sweet potatoes, oils, sugar, sticks, plastics, and charcoal. These items are needed to prepare and cook the banana and camote cue. She is hoping that this financial assistance will be of great help toward improving the 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
  • 346
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Encarnacion to buy banana, sweet potatoes, oils, sugar, sticks, plastics and charcoal.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013