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Cherryl is 33 years old. She is married to a tricycle driver and blessed with two children. She hopes that someday, through this business and the direction of God, they will able to send their children to school and college. To attain this dream, they need to grow their business. But Cherryl needs funds to overhaul their tricycle. For this reason, she is requesting for a loan of PHP 13,000. She prays to maximize their income in order to save for their children’s education as well as to start her dream store.

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
  • 400
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Cherryl to repair her tricycle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 23, 2012
Sep 9, 2012
Currency Exchange Loss:
Aug 23, 2013