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Mario is a responsible father who owns and manages a small welding shop in the local community to generate additional income. He is 50 years old and has three children.

Due to the high cost of school fees, he needs to earn a higher income to sustain their necessities and finance the schooling of his children. With this regard, he aimed to improve more of his business to increase his income. Having inadequate capital, he would like to avail a loan of PHP 30,000 to buy iron and other materials needed in the welding shop. Through hard work, he believes that he will improve the business and generates a higher income.

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
  • 846
    View loans »
    Philippines Loans Fundraising
  • $63,371,875
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mario to buy iron and other materials needed in the welding shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 24, 2014
Aug 21, 2014
Currency Exchange Loss:
Aug 20, 2015