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Arnold's business started with a small repair shop 20 years ago, and has now became a machine and fabrication shop. He is 46 years old, married to Yvone and blessed with three children. He manages their machine shop and offers services to their valued customers. Arnold's children are all attending school.

Together with his wife, they dream that their present business becomes a big farm machine manufacturer someday. Slowly, Arnold will come to attain this. For now, he is asking for a loan of PHP 30,000 to buy tools and machines to help them improve their services to their customers. He is very optimistic that his dream will come true in due time.

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
  • 672
    View loans »
    Philippines Loans Fundraising
  • $63,147,100
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Arnold to buy tools and machines to help them improve their services to their customers.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 10, 2013
Aug 6, 2013
Currency Exchange Loss:
Nov 19, 2013