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Carol, 54, is from Aparri and has a variety store in the public market. She is a hardworking and loving mother of three grown children. She supported them through her business of selling caps, dresses, and bags. Her business also provided the funds for them to pursue their education. She wants them to finish their education because it is a long-lasting gift that she can give them.

To support their education, she is requesting additional working capital to improve her business. A 25,000 PHP loan will be used to purchase bags, toys, and different dresses. She hopes for the development of her precious business in order to provide a good education for her children.

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
  • 373
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Carol to purchase bags, toys, and different dresses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 8, 2012
May 10, 2012
Currency Exchange Loss:
Dec 15, 2012