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Olive is 31 years old, and a very industrious mother of two children. She has a business where she sells snacks and groceries in the market. She uses the income she generates from her business carefully, for her business and for her children’s education. In order to increase her income, she is borrowing 15,000 PHP to buy additional groceries such as breads, junk foods, noodles, soft drinks, vegetables, and meat (to cook). She hopes that she can get the amount that she has requested in order to further develop her business.

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
  • 393
    View loans »
    Philippines Loans Fundraising
  • $70,817,050
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Olive to buy additional stock of groceries such as breads, junk foods, noodles, soft drinks, vegetables, and meat (to cook).
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 25, 2012
Nov 4, 2012
Currency Exchange Loss:
May 24, 2013