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Basilio
Basilio is from the village of Alicia. He is 50 years old and is married. He is thankful because his marriage was blessed with one child. Together with his wife, Basilio manages a sari-sari store (variety store) business to raise his family well. They have been in this business for two years now.

Basilio is asking a loan of PHP 20,000 to buy canned goods, noodles, condiments, assorted bread, beverages and more stocks of merchandise to sell. He hopes to grow the business well to keep his family's standard of living progressive.

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
  • 1363
    View loans »
    Philippines Loans Fundraising
  • $56,534,775
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Basilio to buy canned goods, noodles, condiments, assorted bread, beverages and more stocks of merchandise to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014