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Felicidad
Felicidad is 35 years old and a mother of three. She owns and manages a small variety store in her village to generate income. Due to the high cost of commodities and school fees, she aims to improve her business and increase her income in order to support the education of her children.

Since she has inadequate capital, she is asking for a loan of PHP6,000 to buy more stocks of canned goods, soft drinks, noodles, eggs, beverages, snack foods and seasonings to sell. Felicidad is very optimistic that her requested loan will be granted, for it will really help her improve 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

  • $7,000
    Average annual income
  • 1071
    View loans »
    Philippines Loans Fundraising
  • $57,699,900
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Felicidad to buy more stocks of canned goods, soft drinks, noodles, eggs, beverages, snack foods and seasonings to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2013