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Vicente's business involvement used to be in plastic wares, but last November he changed it into clothing sales. He started his sales business at the age of 22 years. Vicente is happily married and has three children. All his children currently go to school, while his wife stays at their home. She looks after their children and is in charge of budgeting all their household needs.

Vicente is now enjoying his clothing sales business. He dreams of having a stable source of income and of educating his three children. His goal in life pushes him to strive hard in order to obtain better profits to secure his family's future. To make his goal realistic, he is asking for a loan of PHP25,000 which allows him to buy volumes of towels, shorts, leggings and sandals for his clothing sales business. He hopes for approval of his requested loan.

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
  • 787
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Vicente to buy volumes of towels, shorts, leggings and sandals for his clothing sales business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 24, 2013
Apr 28, 2013
Currency Exchange Loss:
Nov 19, 2013