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Rosie
At the age of 56, Rosie stays at home and manages her sari-sari store. She is married to Expedito, who is a tricycle driver. The couple usually earns PHP 6,000 a month, which is only enough for their daily household expenses.

With that, Rosie is asking for a PHP 200,000 loan from Kiva lenders to pay the tuition fee of her child. Expero Sien is 16 years of age and will be attending college. Being the only child, Expero Sien wants to finish college for she is the only one who will support her parents when they get old and can no longer work. Aside from that she is very optimistic that through her diploma she can alleviate her family's poverty. With that Expero Sien hopes that lenders will grant her mother’s requested loan amount.

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.

Tags

About Philippines

  • $1175
    Average annual income
  • 1321
    View loans »
    Philippines Loans Fundraising
  • $56,471,250
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $4,575 helped Rosie to pay her child's tuition fee.
0% repaid
Repayment Term
97 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 9, 2014
Listed
Jun 19, 2014
Currency Exchange Loss:
Possible