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Cecilia
Cecilia is a responsible mother of four adult-aged children. She is now 62 years old and happily living with family in the village of Guam. To make a living, she is engaged in the retailing business, particularly a general store. She has been in this business for three years. Cecilia wants to improve her business, but she lacks the necessary capital. With regards,to this matter, she is asking a loan in the amount of PHP 25,000 to buy canned goods, noodles, curls, biscuits, beverages and condiments to sell. She hopes that she can obtain her desired loan to further improve her business.

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
  • 1117
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Cecilia to buy canned goods, noodles, curls, biscuits, beverages and condiments to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Mar 3, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014