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Tessie
Cooking different menus for meals is the daily routine of Tessie. She runs a restaurant business in front of Municipal Park. What she has now is the fruit of her patience and hard work with the help of her husband. Before she used to sell house-to-house but now she has her own stall in their community.

Tessie has four helpers in her restaurant who serve as dishwashers and waitresses.

At her age, Tessie still wants to expand the business to get additional income. Tessie is requesting a loan of PHP 50,000 to buy meat and raw ingredients to use in preparing cooked foods. She will use the loan wisely and considers it as a big help for her and for her family.

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
  • 1040
    View loans »
    Philippines Loans Fundraising
  • $57,733,025
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Tessie to buy meat and raw ingredients to use in preparing cooked foods.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013