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Vangie, who is 18 years of age, desires to finish a college course. She is the daughter of a fisherman and a housewife, and she has three siblings who are also attending school. Her parents can’t support her college education. That is why she wants to obtain an education loan of PHP 40,000. She will use the loan to pay her tuition for studying Microfinance Technology.

Vangie hopes that the lenders will approve the loan, for it will pave the way for her, to seek a better job in the future and to support the educational expenditures of her siblings. She is certain that if she finishes the course, she can help her parents have a better living and enable them to eat the food that they were not able to eat before, because of financial constraints. After five years, Vangie sees herself as a successful woman.

Additional Information

More information about this loan

This loan is part of ASKI’s effort to provide capital for low-income students to access higher education. ASKI has designed two loan products intended to fulfill different needs. This loan product covers tuition fees and allowances for an entire educational program. The repayment term for the latter loans will typically be longer – up to 8 years. Students begin repaying their loans once they graduate. 
By funding this loan, you are giving students access to higher education under flexible terms that will fit their needs.

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
  • 498
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Vangie to pay her tuition fee.
15% repaid
Repayment Term
49 months (Additional Information)
Repayment Schedule
Jun 9, 2014
May 30, 2014
Currency Exchange Loss: