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Leticia who is now 57 years old, mother of four in their adult aged wants to borrow loan of PHP12,000 for the purpose of developing further her retail store business and piggery. With her current revolving fund of PHP15,000 in the store, she is earning only PHP300 net income each week and was used in the maintenance of her other piggery business. Her husband is a farmer and also assist in maintaining the piggery.

She hopes to increase her sales daily in the store thus asking for loan to buy for more inventories like canned goods, bake breads, noodles, stock of shampoo, coffee, sugar and many more. Proceeds of her incomes from business will be spent in the expansion of her enterprises and improvement of her family general living condition.

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
  • 443
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Leticia to buy merchandise like canned goods, bake breads, noodles, shampoo, coffee, sugar and many more.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 28, 2012
Jan 1, 2013
Currency Exchange Loss:
Jun 22, 2013