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Teresita is 46 years old and has two grown-up children. Only her eldest child and family lives with her. To make living, Teresita manages a mini-grocery store in their village. She is selling goods in their community. Aside from groceries, she also sells hog feed in the store.

With her experience in selling, she has been able to improve her business in just span of two years. Teresita wants to expand her business further, selling various products like those found in the market; this way she can these goods them closer to her fellow men in their village. Therefore, she is requesting a loan of PHP 50,000 to buy groceries, feeds and also rice to sell.

She will do her best to make her business grow and ensure it is stable for the security of 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
  • 316
    View loans »
    Philippines Loans Fundraising
  • $70,580,225
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Teresita to buy groceries, feeds and also rice to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 19, 2013
Sep 24, 2013
Currency Exchange Loss:
Feb 19, 2014