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Clara is 43 years old, married and has four children. She has managed her retail store for over 10 years now and earns about 20,000 PHP monthly. Clara is very approachable and friendly in attending to the needs of the customers who come to buy merchandise in her store. She wants to gain more profits but has insufficient fund. Because of this, she is asking for a loan of 30,000 PHP to buy sardines, eggs, biscuits, noodles, soap and breads to sell.

Clara hopes to keep achieving profitable sales to pay school fees and someday achieve a better way of life for her family.

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
  • 439
    View loans »
    Philippines Loans Fundraising
  • $69,731,675
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Clara to buy sardines, eggs, biscuits, noodles, soap and breads to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Mar 14, 2013
Currency Exchange Loss:
Sep 19, 2013