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Febita
Febita chooses to engage in a village store business in assisting her husband with their financial needs. Due to lack of capital, she is now requesting a loan of 4,000 pesos to sustain her small business. Through the loan, she can purchase additional items such as canned goods, soft drinks, basic commodities and toiletries that are looked for by her customers. She is hoping that her current weekly income of 1,500 pesos (about $31 USD) will increase so she can provide the needs of their family and schooling of their children by working hard.


Febita is married to Eduardo, a farmer in the village. They have five children: Eduardo Jr., 23 years old; Alex, 20 years old, a college graduate and now working as a security guard; Avel, 18 years old, a college student; Arnel, 14 years old, a high school student; and their youngest is 12 years old, in grade IV.

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
  • 1524
    View loans »
    Philippines Loans Fundraising
  • $56,687,475
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Febita to sustain her village store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2009
Listed
Feb 17, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009