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Francis
Francis is hardworking man who has been running a small eatery business for over three years. He is now 45 years old, married and blessed with three children.

Francis is applying a loan amount of PHP 20,000, which will be used to buy raw ingredients used in making viands such as meat and vegetables as well as to buy soft drinks and mineral waters. He hopes to obtain his requested loan amount so he can give his family a better way of living and be able to sustain his family's basic needs.

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
  • 1396
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Francis to buy meat, vegetables, soft drinks and mineral water for his eatery business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014