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Teresita Salvador is from the village of Alibagu in the province of Isabela. She is 56 years old, married, and has children.

Teresita owns and operates a business buying and selling used bottles and steel in her junk shop. She earns approximately PHP 8,000 a month for these activities.

Teresita is requesting a new loan of PHP 20,000 which will be used to purchase additional products to sell. She hope that someday her business will improve so that she can provide for her family's needs.

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
  • 389
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Teresita to buy bottle, paper, and steel for her junk shop business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 18, 2011
Nov 17, 2011
Currency Exchange Loss:
May 21, 2012