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Wanting to have a store in their village, Luisa M. of Nabbotuan Solana, Cagayan is requesting the amount of PHP16, 000 to start up a village store to help her husband earn their daily living. With the loan she hopes that she will be able to purchase many products for her to earn more income. Through that, she knows that she will help her husband uplift their lives.

Luisa is 60 years old and married to Condrado who is a local farmer. They have five children who are living independently from them.

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

  • $7,000
    Average annual income
  • 415
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Luisa business capital to open a village store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 4, 2009
Jul 2, 2009
Currency Exchange Loss:
Dec 15, 2009