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Danilo
Danilo repairs farm machines in his stall. To give his family better way of life, he also earns extra income by selling surplus tools to replace the damaged parts of farm machines. Some of his customers suggest that he sell some parts of machines that are seldom sold in other shops. Therefore, Danilo is asking for a loan of 50,000 PHP to buy chain rollers, bearings, belts, bushing and sprockets. Danilo hopes to satisfy his customers with this service and be known to others who are not yet his customers.

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
  • 882
    View loans »
    Philippines Loans Fundraising
  • $54,390,175
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Danilo to buy chain rollers, bearings, belts, bushing and sprockets for his vehicle repairs business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014