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Benedict is 33 years old and still single. He aims to become financially stable before he settles down. To generate income, he put up a small variety store in their village, selling grocery items, fruits and vegetables. He has been operating the business for almost three years and usually earns a profit of P8,000 a month that he usually spends for his necessities and also uses to help his parents in financing the education of his younger brothers. He plans to improve the business to increase his income. Due to insufficient capital, he is asking for a loan of P6,000 to buy additional stocks of grocery items, fruits and vegetables for sale. He hopes that someday, he will expand the business and make it more profitable.

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
  • 415
    View loans »
    Philippines Loans Fundraising
  • $69,606,975
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Benedict to buy additional stocks of grocery items, fruits and vegetables for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 9, 2012
Currency Exchange Loss:
May 24, 2013