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Precy is 56 years old and has a retail shop in the village.

Precy sells canned goods, snacks such as biscuits, spices and drinks. She wishes to have additional products for sale in order to gain a higher income. However, Precy has insufficient capital to provide her customers with a variety of goods.

For this reason, she is asking for a loan of P12,000 to buy groceries such as vinegar, cooking oil, shampoo and soap. Precy hopes to improve her business for the development of her living situation.

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
  • 391
    View loans »
    Philippines Loans Fundraising
  • $66,139,225
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Precy to buy groceries such as vinegar, cooking oil, shampoo and soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 20, 2012
May 7, 2012
Currency Exchange Loss:
Nov 19, 2012