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Cecilia
Cecilia is 58 and widowed. She has two adult-age children. Despite the hardships in life, she aims to improve their status of living and become financially stable in the future. She has been engaged in buying and reselling grocery items, soft drinks, and school supplies in the market for more than seven years. She aims to improve more of her business in order to increase her income. Due to insufficient capital, she wants to avail a loan of PHP 30,000 to buy more stocks of the said products to resell. Being a kind and diligent mother, she believes that she will be able to make her business more profitable.

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
  • 1459
    View loans »
    Philippines Loans Fundraising
  • $59,251,750
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Cecilia to buy more stocks of grocery items, soft drinks, and school supplies to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 15, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015