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Eliza is 31 years old, married and has three children. With her spouse, she manages a furniture-making business as their source of income. They also hire laborers who help them in the business. They make tables and chairs for sofas and kitchens. She wants to improve and make more furniture, which is why she is asking for a loan of PHP 40,000 to buy more wood to use in the furniture shop. It will help improve her sales and the income necessary to lift her family out of poverty.

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
  • 714
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Eliza to buy more wood to use in the furniture shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 15, 2013
Jun 13, 2013
Currency Exchange Loss:
Aug 23, 2013