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Concepcion is a 47-year-old mother who aims to become successful and financially stable in the future. She has only one child and is separated from her husband due to unavoidable circumstances. Despite this, she has a strong determination to improve her living standards. She runs a small variety store in the market to generate income. She aims to improve her business to increase her income but she does not have enough capital. She is requesting an additional loan of PHP 7,000 to buy stocks of seasonings, beverages, canned goods, noodles and vegetables. She believes that this loan will enable her to improve the business and hopes that she will achieve her goals someday.

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
  • 382
    View loans »
    Philippines Loans Fundraising
  • $69,631,075
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Concepcion to buy additional stocks of seasonings, beverages, canned goods, noodles and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 17, 2012
Jan 9, 2013
Currency Exchange Loss:
Aug 23, 2013