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Being a responsible mother, Gliceria aimed to improve her variety store to generate sufficient income to satisfy their necessities and finance the education of her children. Despite problems and difficulties in life, she has the determination to improve the business. She planned to increase her product offerings to satisfy the demand of her customers. Due to inadequate capital, she is asking for an additional loan of PHP 20,000 to buy more stocks of snack foods, canned goods, beverages, seasonings, fruits and vegetables to sell. Through patience and hard work, she believes that she will improve the business and increase her income.

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
  • 422
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Gliceria to buy more stocks of snack foods, canned goods, beverages, seasonings, fruits, and vegetables to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 8, 2013
Feb 15, 2013
Currency Exchange Loss:
Sep 26, 2013