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Rowena
Rowena, 33 years old, is a mother of three children (Alvin, 15; Esterika, 8; John Paul, 5) and the wife of Arnel, a tricycle operator. They are living in the urban area of Barangay Compania Tumauini, Isabela.



In order to support their family’s needs, Rowena engaged in "bangus" (milkfish) and barbecue selling. She has been in this business since 1998 and it is really her dream to make her business grow. However, her weekly gross income of Php2,500 is just enough to maintain her business and provide for the family's needs. Rowena applied for a loan of Php8,000 to buy a large volume of milkfish and maintain her barbecue business. She believes that if she could properly use the money in her business, her dreams of a successful business and the realization of her children's college education will all come true because she will be able to earn more profit and save more.



Rowena said that she has to sacrifice and be patient in order to maintain her business so that they will have a progressive life someday. Through the success of her business, Rowena is able to pay her weekly amortizations and monthly bills. “The financial assistance to be given to us is of great help to those people in dire need like me," she added.

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

  • $1175
    Average annual income
  • 1279
    View loans »
    Philippines Loans Fundraising
  • $56,347,950
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Rowena buy fish in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2008
Listed
Dec 7, 2008
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009