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To make living, Cresencia is engaged in a retail business. She manages a sari-sari store business in her village. Cresencia is in her sixties but still has the eagerness to run her business.

Cresencia sells drinks, breads and candies. Her husband is a farmer who grows rice in their field. Through the income from her business, she was able to provide her children with school allowances when they were studying and they successfully finished their college studies.

Despite her age, Cresencia still dreams of seeing her store grow while she can still manage it. Cresencia wants to borrow PHP 20,000 to buy biscuits, condiments and eggs to sell in her village. Cresencia hopes to achieve her dream and earn profits for their future.

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
  • 314
    View loans »
    Philippines Loans Fundraising
  • $70,616,725
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Cresencia to buy biscuits, condiments and eggs to sell in her village.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Feb 13, 2013
Mar 6, 2013
Currency Exchange Loss:
Aug 23, 2013