Partner Description:

Alalay sa Kaunlaran, Inc. (ASKI) is a non-profit organization based in the Philippines that aims to relieve poverty and unemployment by promoting micro-enterprise development.

The organization started by reaching out to small business owners who had no access to credit. Over time, it expanded its reach to provide non-financial services to clients, and eventually grow into what it is today: a byword of eco-social development in Central Luzon and nearby regions.

ASKI opened its doors in 1987 to promote the development of micro- and small-to-medium enterprises and the delivery of social services. Beginning on a small playing field in Cabanatuan City, it has since branched out into other provinces in Central Luzon and adjacent regions.

From a handful of loans services, ASKI’s offerings have diversified into capacity building, other cooperative arrangements and health and insurance programs, money transfers and more.

ASKI fulfills its social mission by doing community development work and providing outreach programs. Some of these programs include scholarships for students, sponsorship of day care centers, a food program for children, health services for senior citizens, relief for typhoon victims, and donations to other charitable organizations in the area.

September 11, 2011

As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.

During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.

Kiva's new risk rating system, which now includes half stars, has enabled us to display ASKI's risk rating with a higher level of granularity. As a result, ASKI's risk rating will now be displayed as 3.5 stars instead of 4 stars.

We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here:

ASKI has been informed of the change in the display of their rating on Kiva's website.

A Note on ASKI's Portfolio Yield:


We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.


For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.


We seek to support loans that don’t impose an unjustifiable cost burden on hard-working borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale.


Factors that drive up the costs that this partner organization charges its borrowers include:

  • They provide very small loans. This leads to higher operating costs, since providing each individual loan presents a minimum per-unit cost.

  • They provide more than just cash to many of their borrowers, including costly wraparound services such as healthcare, financial or business training, agricultural extension services, insurance or access to education.

  • They work extensively in rural areas, which requires their employees to engage in costly travel to find and serve their clients.

  • They operate in a region known to be at risk of natural disaster, which increases the cost of doing business.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2008 Oct 12, 2005
Total Loans $8,608,975 $750,616,275
Amount of raised Inactive loans $550 $601,200
Number of raised Inactive loans 1 1,260
Amount of Paying Back Loans $452,375 $130,859,825
Number of Paying Back Loans 728 152,433
Amount of Ended Loans $8,156,050 $619,155,250
Number of Ended Loans 19,460 767,542
Delinquency Rate 9.58% 8.21%
Amount in Arrears $31,463 $6,919,450
Outstanding Portfolio $328,370 $84,256,349
Number of Loans Delinquent 206 23,069
Default Rate 0.22% 1.25%
Amount of Ended Loans Defaulted $18,241 $7,750,931
Amount of Ended Loans $8,156,050 $619,155,250
Number of Ended Loans Defaulted 111 21,117
Currency Exchange Loss Rate 0.00% 0.33%
Amount of Currency Exchange Loss $19 $2,478,516
Refund Rate 1.07% 0.66%
Amount of Refunded Loans $91,825 $4,973,325
Number of Refunded Loans 82 5,474

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.94% 74.49%
Average Loan Size $317 $416
Average Individual Loan Size $376 $649
Average Group Loan Size $1,433 $1,847
Average number of borrowers per group 8 7.9
Average GDP per capita (PPP) in local country $7,000 $5,948
Average Loan Size / GDP per capita (PPP) 4.53% 6.99%
Average Time to Fund a Loan 3.78 days 6.62 days
Average Dollars Raised Per Day Per Loan $83.93 $62.73
  Average Loan Term 5.53 months 10.84 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 13,546 370,643
  Journaling Rate 67.39% 41.21%
  Average Number of Comments Per Journal 0.02 0.06
  Average Number of Recommendations Per Journal 0.65 1.49

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 53% PY 46.00% PY 31.23% PY
  Profitability (return on assets) 6.6% 4.8% -1.58%
  Average Loan Size (% of per capita income) 15.90% 8.00% 19.24%

Country Fast Facts

Field Partner Staff

Lea Bartolome
Racquel Ellen Borjal
Angelica Cortez
Babylyn dela Cruz
Herminia Diamsay
Team Edit
Erwin Embuscado
Anna Liza Engracia
Zoraida Libunao
Maria Lucas
Greg Macapagal
Janet Macapia
Irish Macaranas
Jane Manucdoc
Shela Mae Moral
Francis Ong
Ellen Pascual
Maria Cinderella Pattalitan
Emie Quijano
Hazel Rodriguez
Racquel Sarilla
Christine Susa
Judith Trilles
Kristine Victoria
Rolando Victoria
Ma. Luisa Villadolid