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Grace
Grace V. lives in Barangay Yeban Sur in Benito Soliven, Isabela. She is already a widow and was left with three children: Mark Anthony– 15 years old, third year in high school; Mark Kevin– 13 years old, first year in high school; and Mary Ann– six years old, an elementary student.

She solely took all the responsibilities in making a living for her family. Grace is just thankful that she had already established her sari-sari store (community based store) before her husband died. Through her business, she was able to send her children to school and provide for the immediate needs of her family.

Grace hopes for progress with her small business so that she can support the needs of her family. At present, she is asking for financial assistance from the lenders amounting to PHP 12,000 to purchase more stock for her store. She also intends to use some of the loan for their farming needs.

According to Grace, committing everything to the Lord is not enough; it should be accompanied with good works, patience, perseverance, and faith to become successful. Grace is praying that her children will someday finish their studies and have a decent jobs in the future.

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
  • 903
    View loans »
    Philippines Loans Fundraising
  • $53,402,900
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Grace to purchase additional stock for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2009
Listed
Jan 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009