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Corazon is 55 years old, and had four children. She and her spouse manage their businesses; Corazon is a retail store owner; she also raises some hogs in her village.

She usually earns about PHP 10,000 in her businesses, just enough for daily meals and school fees. She wanted to increase her products, but had insufficient funds, so that is why she is asking for a loan of PHP 10,000 to buy canned goods, eggs, breads, and soft drinks to sell.

Corazon hopes to keep improving her retail business and hopes she will grow as a successful entrepreneur.

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
  • 424
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Corazon to buy canned goods, eggs, breads, and soft drinks to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 25, 2013
Jul 3, 2013
Currency Exchange Loss:
Aug 23, 2013