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Vidal
Despite the hardship of living, Vidal has the determination to uplift his status of living. He is 48 and has two children. He earns a living through farming. He also operates his motorcycle as transport to generate additional income. He aims to earn and save more income in order to provide for the necessities of his family.

Due to insufficient funds, he is asking for a loan of 5,000 PHP [Philippines pesos] to buy wheels, gasoline and spare parts needed for the maintenance of his motorcycle. Through this loan, he believes that he will make improvements in the business as well as their status of living.

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
  • 1061
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Vidal to buy wheels, gasoline and spare parts needed for the maintenance of his motorcycle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014