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Hard work and perseverance have been Kristine's guiding principle in running her footwear business. She has been running this kind of business for one year. Aside from footwear, she also owns a home-based store. Kristine is 22 years of age and married to an Overseas Filipino Worker (OFW).The couple has been blessed with two children. Kristine's husband work is computer technician.

Kristine's earned income goes to their daily necessities, investment in some appliances such a washing machine, a rice cooker and some goes toward the rental of her footwear stall. She wants to keep her footwear store profitable and productive and that's the reason why she's asking for additional capital of PHP 15,000. She will be using this loan to buy stocks of sandals, shoes and slippers. She knows that through this loan, she can help her husband in generating funds which will enable her to improve her financial stability and give her two children quality education someday.

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
  • 348
    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 $375 helped Kristine to buy stocks of sandals, shoes and slippers for her footwear business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 20, 2013
Mar 11, 2013
Currency Exchange Loss:
Sep 19, 2013