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Leonora
Leonora R. is 37 years old and she has lived in the village of Cabisera 14-16 (Ilagan) since she was born. Her husband and two children happily live there. Her husband, Orlando, is a corn and rice farmer in their village. Her children are Jessa, 10, who is currently in grade five; and Jhondel, 13, now in the first year of high school. Leonora hopes to support the education of her two children through the assistance of her husband and support coming from her snack-vending business.

She cooks banana cue and soups for her neighbors. The snacks are sold easily in an hour even when she does not go house to house. She would like to expand this into selling soft drinks and cooking the famous “pansit” (soft noodles in the local language). Thus, Leonora wanted a business loan amounting to PHP 5,000.00 as additional capital for her vending business. “I must strive harder in battling with life’s difficulties,” Leonora 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
  • 1041
    View loans »
    Philippines Loans Fundraising
  • $54,557,775
    Funds lent in using Kiva
  • 47.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Leonora for additional capital for business expansion.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2009
Listed
Feb 7, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009