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According to Elizabeth, being friendly and having a good moral character is necessary in managing a business. Elizabeth is 58 years old and married to Carlito who is a driver. They have four children namely: Lilibeth-29 years old and a college graduate; Andrey-23 years old who graduated from Hotel and Restaurant Management; Kristel-21 years old, a Midwifery graduate; and Rhizel-20 years old who just finished a two-year course.

Elizabeth is managing a sari-sari store in the village of Rizal, Santiago City. She would like to buy additional merchandise but her capital is not enough that’s why she would like to ask KIVA lenders for a loan amounting to Php 5,000, allowing her to purchase more merchandise to sell.

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
  • 420
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Elizabeth additional capital for her general store's improvement.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 28, 2009
Nov 13, 2009
Currency Exchange Loss:
May 15, 2010