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Charlene, 18 years old, lives happily with her parents and 8 siblings in Dingalan, Aurora. Despite her young age, she envisions a better life for her family. Charlene knows that earning a college diploma will open better opportunities for her future career, and a better career will enable her to achieve her dreams for her siblings and for her family. She doesn’t want her siblings to experience going to school without any money in their pockets like what she had. An educational loan of 40,000 PHP will surely help her to go and finish college for her brighter future.

Additional Information

More information about this loan

This loan is part of ASKI’s effort to provide capital for low-income students to access higher education. ASKI has designed two loan products intended to fulfill different needs. This loan product covers tuition fees and allowances for an entire educational program. The repayment term for the latter loans will typically be longer – up to 8 years. Students begin repaying their loans once they graduate. 
By funding this loan, you are giving students access to higher education under flexible terms that will fit their needs.

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
  • 1937
    View loans »
    Philippines Loans Fundraising
  • $61,098,225
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Charlene to pay for her tuition fees.
6% repaid
Repayment Term
49 months (Additional Information)
Repayment Schedule
Jun 9, 2014
May 27, 2014
Currency Exchange Loss: