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To earn additional income, Pheta engages in selling snack foods/refreshment foods near the public market. She is 50 years old and has two children. Despite problems and difficulties in life, they have the determination to uplift their status of living.

Pheta aims to prepare more kinds of snack foods to sell, but she has inadequate capital. For this reason, she wants to borrow PHP 10,000 to buy milk, coconut, sugar and other ingredients needed in preparing snack foods. Being a hardworking mother, she believes that she will improve her business.

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
  • 320
    View loans »
    Philippines Loans Fundraising
  • $70,648,200
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Pheta to buy milk, coconut, sugar and other ingredients.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 7, 2014
May 21, 2014
Currency Exchange Loss:
Oct 17, 2014