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Rosemarie owns a small store in her village where she sells grocery items to generate an income for her family's daily needs. She has been doing this for four years. She earns about P4,000 each month. Rosemarie wants to improve her sales so she is borrowing P13,000 to buy canned goods, eggs, bread, soap and shampoo to sell in her store.

Rosemarie is 38 years old and has four children. All she wants is to give her children the best education. She will be very happy and proud to see all of her children become professionals in their chosen career someday.

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
  • 367
    View loans »
    Philippines Loans Fundraising
  • $70,797,850
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Rosemarie to buy canned goods, eggs, bread, soap and shampoo to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 24, 2012
May 8, 2012
Currency Exchange Loss:
Nov 19, 2012