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Gloria is aged 58, widowed, and a mother of four children. She started her business selling vegetables and snacks around her village. When she got tired of roaming her village (because she's not getting any younger), she decided to run a retail store business in her village. Gloria wanted to earn enough income because she wanted to help her grandchildren, even in a simple way. Hence, she is asking for a loan of PHP 25,000 to purchase beverages, breads, biscuits, and food seasonings to sell. Gloria believes that by borrowing the loan, she can be able to improve her business and earns more profit.

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
  • 1080
    View loans »
    Philippines Loans Fundraising
  • $63,436,400
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Gloria to purchase beverages, breads, biscuits, and food seasonings to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 12, 2013
Jan 8, 2014
Currency Exchange Loss:
Jun 17, 2014