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Due to financial hardship, Cresencia engages in buying and reselling of footwear, AVON and Natasha products within her community. She is 55 years old and has only one child. She aims to improve her business to earn a sufficient income.

She is asking for a loan of PHP12,000 to buy more stock of footwear, AVON and Natasha products to sell in the local community.

Being a patient and industrious mother, she believes that she will be able to make her business more profitable in the 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
  • 402
    View loans »
    Philippines Loans Fundraising
  • $70,824,450
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Cresencia to buy more stock of footwear, AVON and Natasha products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 20, 2014
Mar 21, 2014
Currency Exchange Loss:
Aug 17, 2014