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Freddie Luz
Freddie Luz is aged 28, married to a farmer, and they're blessed with two children. She owns and operates a retail store in their village, and earns a net income of PHP 150 daily. Her net income on her business is usually spent on the school allowances of their children.

Due to insufficient funds, she would like to avail a loan amounting to PHP 10,000 to purchase biscuits, cooking oil, beverages, noodles, canned goods, and kitchen needs to sell in her empty store. She's hoping that her business will grow, improve, and become 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
  • 1434
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Freddie Luz to purchase biscuits, cooking oil, beverages, noodles, canned goods, and kitchen needs to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 25, 2014
Jul 28, 2014
Currency Exchange Loss:
Jan 25, 2015