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Managing a small store in front of her house keeps Clarita busy with her daily routine in Estefania. She untiringly attends to her customers' demand for the affordable, high-quality merchandise she sells. She has sold grocery items for over five years now. Clarita's husband is a farmer and they have two children.

Clarita joined ASKI and has requested a loan in the amount of PhP 33,000 to invest in expanding the business. With the loan funds, she will buy soft drinks, eggs, bread, milk, sugar, and coffee to offer for sale in her store. By stocking more grocery items in her store, she is confident that she will earn more profit from her business.

In the future, Clarita hopes to achieve more sales and become a progressive entrepreneur. She believes that this will also help to provide a progressive life for her children 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
  • 359
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Clarita to buy soft drinks, eggs, bread, milk, sugar, and coffee to offer for sale in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 15, 2012
Jul 3, 2012
Currency Exchange Loss:
Nov 19, 2012