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Krecel peacefully lives at Enrile with her spouse and two children. To gain income, she puts up a small store selling grocery items to the people in her village. She has been in the business for about three years now. She gains approximately 200 PHP a day in her business. Krecel aims for business improvement, so she is borrowing loan of 12,000 PHP to buy more goods to sell. Krecel will buy canned goods, noodles, biscuits, eggs and soap. Aside from selling affordable and good products to her customers, she also extends good customer service to them. The loan will help increase sales capacity and income for her children's education.

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
  • 400
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Krecel to buy canned goods, noodles, biscuits, eggs and soap to sell in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 8, 2013
Jan 30, 2013
Currency Exchange Loss:
Jul 17, 2013