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According to Virginia, "Poverty is not a hindrance to success." She is a hard-working mother who runs a variety store in her community. She is 49 years old and has only one child. Despite being a widow, she has the strong determination to uplift her family's status of living to give her child a better life. She has been operating her variety store for almost 20 years and usually earns a profit of 9,000 PHP every month. She uses this money to pay for her family's daily consumption and provide an allowance for her child's schooling.

Due to the high cost of commodities and school fees, she needs to earn a higher income to cover up their necessities and continue sending her child to school. She planned to increase her product offerings to satisfy her customer demand. However, due to insufficient capital, she is asking for an additional 20,000 PHP to buy snack food, soaps, biscuits, canned goods, noodles, eggs, and beverages for sale. She is hoping that this loan will help her to improve the business and make it more profitable in the future.

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
  • 383
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Virginia to buy snack food and beverages to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 18, 2012
Nov 5, 2012
Currency Exchange Loss:
Sep 20, 2013