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Edgar
With his skills in carving and carpentry, Edgar started up his own furniture shop. Since their community is situated in a mountainous place, soft woods which he used in making furniture are available.

For almost ten years in his business, he always makes his customers satisfied with his work. Most of his finished products include wooden chairs, tables, cabinets, drawers, dining tables, living room show cases and other wooden sets.

To further improve his business, he is hoping to borrow Php5, 000.00 as additional working capital. He intends to buy soft woods, varnish, sandpaper that he needed in making furniture to meet the orders of his customers not only in their community but also in other places.

According to Edgar, he considers every piece of furniture as a masterpiece of his skilful hands. He always gives his best to improve the quality of furniture he is offering to his customers. He dreams that through his business, he can support the education of his four children until they reach college.

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
  • 1308
    View loans »
    Philippines Loans Fundraising
  • $57,977,325
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Edgar additional working capital (buy soft woods, varnish, sand paper).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2008
Listed
Nov 23, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009