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Teresita is happily married, having three children. She is a responsible and resourceful woman. Her main goal is to have an increased income so she can send her youngest child on to a higher level of education. Her eldest son is a mechanic, while her daughter is a sales lady. Her family works together in order to earn a living.

Teresita has owned a retail store since 2004. She is really grateful to the Lord because her sacrifices have had a fruitful outcome.

Teresita plans to increase the volumes of her grocery sales, but because of insufficient funds, she is requesting a loan amount of PHP10,000.

She hopes and prays for continuous improvement of her retail store so that she can gain greater profits that will enable her to sustain her family's basic necessities and educate her youngest child.

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
  • 386
    View loans »
    Philippines Loans Fundraising
  • $70,797,850
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Teresita to buy more stocks of groceries for her retail store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 11, 2012
Oct 17, 2012
Currency Exchange Loss:
Aug 23, 2013