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Concepcion
Conception is engaged in a retail business selling grocery items in their village. She is 56 years old, married and has five children. Among her children, three are working abroad while others are government employees. With her status in life, Concepcion admitted that the remittances her children give her is enough to sustain their needs but she wanted to have her own source of income.

Concepcion is requesting a loan of PHP 10,000 to buy grocery items to sell. She hopes to expand the business, and earn more. Somehow she will also help others who are unfortunate through her earnings.

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
  • 267
    View loans »
    Philippines Loans Fundraising
  • $52,839,500
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Concepcion to buy grocery items to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 6, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014