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Augusto is 47 years old, married and raises his family in a rural community. He aims to become financially stable to give his family a bright future. To generate additional income, he operates a gym & fitness service in their community. He plans to acquire more equipment needed in the gymnasium and to repair the existing equipment to provide a better service to his customers. Due to inadequate capital, he is asking for an additional of PHP 10,000.00 to buy the equipment needed in the gymnasium. He mentioned that this financial assistance will enable him to work out his plan and that he is hoping that someday he will make the business grow.

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
  • 330
    View loans »
    Philippines Loans Fundraising
  • $70,627,050
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Augusto to buy the equipment needed in the gymnasium and for the repair and maintenance of the existing equipment.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 16, 2012
Nov 4, 2012
Currency Exchange Loss:
May 24, 2013