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Elizabeth is a married woman who is 50 years old. She has a retail shop where she sells a variety of products like soap, shampoo, canned goods and snacks in their community. She has had this business for three years now.

Elizabeth is requesting a loan of PHP 30,000 to purchase more retail items such as soft drinks, sugar and salt. She also plans to buy pigs to raise. Each month she earns about PHP 7,000 from these activities.

In the future, Elizabeth hopes to diversify her business and achieve financial independence to provide a progressive living for her family.

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
  • 379
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Elizabeth to purchase more retail items such as soft drinks, sugar and salt.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 27, 2011
May 26, 2011
Currency Exchange Loss:
Oct 18, 2011