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Catherine has operated her footwear business for two years and four months. She is happily married and has only one child. Catherine aims to have a better way of living and improve her business.

Catherine would like to add in-demand shoes and slippers to her inventory so she can encourage more customers to buy her products. However, due to insufficient capital, she is asking for a loan of 30,000 PHP. She hopes that the lenders will approve her loan so she could improve her profits to serve her family's basic needs and save for her future security and the education of her only child.

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
  • 334
    View loans »
    Philippines Loans Fundraising
  • $66,038,225
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Catherine to buy stocks of shoes and slippers for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 30, 2013
Currency Exchange Loss:
May 24, 2013