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Grace
Grace is a business-minded woman. She lives simply with her husband and three children. Her youngest child attends school, while the other two are out of school. Grace offers cosmetic products, detergent soap, shoes, sandals, and blouses within her locality. Her husband's work is as a driver of a motorcycle and as a farmer. Grace has been engaged in the direct-selling business for more than five years.

Grace would like to improve her direct-selling business, but she does not have enough capital. With regards to her situation, she decided to ask for a loan of PHP 35,000, which will allow her to buy stocks of cosmetics, short pants, blouses, and some raw materials for soap making. Grace hopes and prays for approval of her requested loan amount, so she can give her family a comfortable lifestyle and educate her youngest child.

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
  • 1403
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Grace to buy stocks of cosmetics, short pants, blouses, and some raw materials for soap making.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014