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Thelma is a mother who loves to sell snacks. She usually sells snacks like halo-halo (dessert made from shaved ice and condensed milk, mixed with sweet beans and/or fruit) in their village. She is 36 years old and is married to Liopuldo. She has been in her business for almost three years and earns about PHP 300 a day. Thelma wants to have more snacks to sell in their local community, but she has an insufficient capital. Therefore, Thelma is asking a loan in the amount of PHP 10,000 to buy raw ingredients such as banana, nata de coco (a chewy, translucent, jelly-like food), gulaman (bars of dried seaweed used to make jellies or flan) and native cakes to cook and sell. Thelma hopes to grow and expand her business to secure her family standard of living.

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
  • 489
    View loans »
    Philippines Loans Fundraising
  • $69,645,400
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Thelma to buy raw ingredients such as banana, nata de coco, gulaman, and native cakes to cook and sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 14, 2012
Aug 19, 2012
Currency Exchange Loss:
Feb 15, 2013