Check out some available loans that are similar to this one!
Due to financial difficulty, Carmen wants to improve her small variety store and increase her income to satisfy her family's needs. She is 56 years old and has three grown children. Being a responsible mother, she plans to improve their standard of living to give them a better life. To improve the business, she is applying for a loan of PHP 20,000 to buy a larger stock of snack foods, canned goods, noodles, beverages, seasonings, fruits, and vegetables to sell. Despite the hardships and difficulties of life, she is determined to improve her business and hopes that she will be successful in carrying out her plan.

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
  • 409
    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 $500 helped Carmen to buy a larger stock of snack foods, canned goods, noodles, beverages, seasonings, fruits and vegetables to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 29, 2013
Feb 23, 2013
Currency Exchange Loss:
Aug 23, 2013