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

August 6, 2020 - COVID-19 Update:

Kiva has been in contact with ASKI to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.

While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. The Philippines has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole.

As a result, borrowers and ASKI may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by ASKI. As an impact-first funder, Kiva is committed to serving our Field Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Field Partners and borrower communities recover. 

Kiva is working closely with ASKI to support them and their borrowers through the COVID-19 crisis. ASKI is sending regular updates to Kiva, and we'll update Partner Pages as we learn more. 

On behalf of Kiva and ASKI, we’re grateful for your continued support through this difficult time.


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 $18,416,350 $1,538,670,745
Amount of raised Inactive loans $0 $422,425
Number of raised Inactive loans 0 185
Amount of Paying Back Loans $1,246,275 $164,219,720
Number of Paying Back Loans 2,131 202,504
Amount of Ended Loans $17,170,075 $1,374,028,600
Number of Ended Loans 35,771 1,807,818
Delinquency Rate 89.25% 18.21%
Amount in Arrears $519,983 $19,086,649
Outstanding Portfolio $583,398 $104,830,656
Number of Loans Delinquent 2,126 85,447
Default Rate 0.35% 1.72%
Amount of Ended Loans Defaulted $59,630 $23,639,993
Number of Ended Loans Defaulted 367 58,923
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $6,751 $6,506,260
Refund Rate 0.68% 0.61%
Amount of Refunded Loans $125,575 $9,385,675
Number of Refunded Loans 128 8,723

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 76.21% 77.15%
Average Loan Size $411 $391
Average Individual Loan Size $462 $604
Average Group Loan Size $1,439 $1,776
Average number of borrowers per group 8 7.9
Average GDP per capita (PPP) in local country $7,000 $5,693
Average Loan Size / GDP per capita (PPP) 5.86% 6.87%
Average Time to Fund a Loan 5.34 days 7.91 days
Average Dollars Raised Per Day Per Loan $76.82 $49.45
  Average Loan Term 6.58 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 18,909 947,027
  Journaling Rate 48.57% 42.82%
  Average Number of Comments Per Journal 0.02 0.03
  Average Number of Recommendations Per Journal 0.62 0.69

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 27.05% PY
  Profitability (return on assets) 0.23% 4.8% -0.69%
  Average Loan Size (% of per capita income) 15.90% 8.00% 11.51%

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