Check out some available loans that are similar to this one!
Teresita manages a hog raising business in their village. In addition, she also sells a variety of grocery items, such as noodles, soap, shampoo, biscuits, and drinks. Teresita has been in the retail business for thirteen years. She is managing well both of her businesses so that she can improve the way of life for her three children. Teresita’s husband is a driver whose income serves to provide their daily needs.

With regards to her business, Teresita wants borrow a loan of PHP 50,000 to buy more grocery items to sell. Her sari-sari store earnings will be used to invest in hog feed for maintenance. Teresita hopes to succeed with her businesses in able to give a better way of living for her children. She wanted them to obtain a college degree soon.

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
  • 702
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Teresita to buy more grocery items to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 10, 2014
Aug 9, 2014
Currency Exchange Loss:
Jun 22, 2015