Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update - January 23, 2018

Kiva recently re-assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff and analyzed the Field Partner’s loan products. As a result, ASKI's risk rating is now listed as 2.5 stars instead of 4 stars. The primary reason for this change in rating is due to a deterioration in ASKI's financial health. We will continue to monitor the situation to support this Field Partner and will update our assessment accordingly.

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.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2008 Oct 12, 2005
Total Loans $16,749,950 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $1,874,075 $147,970,550
Number of Paying Back Loans 2,997 195,474
Amount of Ended Loans $14,875,875 $1,182,285,025
Number of Ended Loans 31,942 1,522,055
Delinquency Rate 9.13% 10.42%
Amount in Arrears $113,902 $9,802,012
Outstanding Portfolio $904,723 $94,101,479
Number of Loans Delinquent 856 55,529
Default Rate 0.39% 1.74%
Amount of Ended Loans Defaulted $57,325 $20,609,355
Number of Ended Loans Defaulted 357 50,258
Currency Exchange Loss Rate 0.03% 0.39%
Amount of Currency Exchange Loss $4,448 $5,175,709
Refund Rate 0.66% 0.59%
Amount of Refunded Loans $109,975 $7,878,725
Number of Refunded Loans 109 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.42% 76.40%
Average Loan Size $400 $394
Average Individual Loan Size $453 $609
Average Group Loan Size $1,439 $1,761
Average number of borrowers per group 8 7.7
Average GDP per capita (PPP) in local country $7,000 $5,776
Average Loan Size / GDP per capita (PPP) 5.71% 6.82%
Average Time to Fund a Loan 4.56 days 7.13 days
Average Dollars Raised Per Day Per Loan $87.59 $55.26
  Average Loan Term 6.53 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 17,288 789,496
  Journaling Rate 51.01% 43.17%
  Average Number of Comments Per Journal 0.02 0.03
  Average Number of Recommendations Per Journal 0.63 0.81

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 46.00% PY 25.36% PY
  Profitability (return on assets) 1.65% 4.8% -1.96%
  Average Loan Size (% of per capita income) 15.90% 8.00% 12.88%

Country Fast Facts

Field Partner Staff

Mary Grace Aggabao
Analyn Agoyaoy
Horton Caguingin
Ellen De Leon
Maria Delmas
Herminia Diamsay
Teresa Dunbar
Team Edit
Erwin Embuscado
Anna Liza Engracia
Zoraida Libunao
Jane Manucdoc
Grace Pena
Philip Ponciano Jr
Sanjaya Punyasena
Jenalyn Quilang
Mark Anthony Quilang
Hazel Rodriguez
Racquel Sarilla
Rolando Victoria
Ma. Luisa Villadolid