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Leticia, 58 years old, is single. She currently resides in the village of Alinam together with her siblings and nieces. Leticia has owned and operated a retail store in their village for almost 10 years, earning an income of PHP 15,000. She would like to have a loan of PHP 20,000 to purchase detergent soaps, canned goods, breads and beverages. Leticia's income is usually spent on the family's daily expenditures. She's hoping that her requested loan will be granted so that she can further improve and expand her business.

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
  • 337
    View loans »
    Philippines Loans Fundraising
  • $70,752,750
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Leticia to purchase detergent soaps, canned goods, breads and beverages.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Feb 7, 2013
Currency Exchange Loss:
Aug 23, 2013