Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Alalay sa Kaunlaran, Inc. (ASKI) is a non-profit organization based in the Philippines that aims to relieve poverty and unemployment by promoting micro-enterprise development.The organization started by reaching out to small business owners who had no access to credit. Over time, it expanded its reach to provide non-financial services to clients, and eventually grow into what it is today: a byword of eco-social development in Central Luzon and nearby regions.

ASKI opened its doors in 1987 to promote the development of micro- and small-to-medium enterprises and the delivery of social services. Beginning on a small playing field in Cabanatuan City, it has since branched out into other provinces in Central Luzon and adjacent regions.
From a handful of loans services, ASKI’s offerings have diversified into capacity building, other cooperative arrangements and health and insurance programs, money transfers and more.

ASKI fulfills its social mission by doing community development work and providing outreach programs. Some of these programs include scholarships for students, sponsorship of day care centers, a food program for children, health services for senior citizens, relief for typhoon victims, and donations to other charitable organizations in the area.

A Note on ASKI's Portfolio Yield:

We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.

For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.

We seek to support loans that don’t impose an unjustifiable cost burden on hard-working borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale.  

Factors that drive up the costs that this partner organization charges its borrowers include:

  • They provide very small loans. This leads to higher operating costs, since providing each individual loan presents a minimum per-unit cost.

  • They provide more than just cash to many of their borrowers, including costly wraparound services such as healthcare, financial or business training, agricultural extension services, insurance or access to education.

  • They work extensively in rural areas, which requires their employees to engage in costly travel to find and serve their clients.

  • They operate in a region known to be at risk of natural disaster, which increases the cost of doing business.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2008 Oct 12, 2005
Total Loans $8,729,850 $778,640,875
Amount of raised Inactive loans $0 $228,825
Number of raised Inactive loans 0 137
Amount of Paying Back Loans $434,750 $133,313,000
Number of Paying Back Loans 646 157,230
Amount of Ended Loans $8,295,100 $645,099,050
Number of Ended Loans 19,797 798,502
Delinquency Rate 0.00% 8.87%
Amount in Arrears $0 $7,839,646
Outstanding Portfolio $344,914 $88,389,198
Number of Loans Delinquent 0 30,316
Default Rate 0.25% 1.26%
Amount of Ended Loans Defaulted $21,135 $8,153,303
Amount of Ended Loans $8,295,100 $645,099,050
Number of Ended Loans Defaulted 120 21,932
Currency Exchange Loss Rate 0.00% 0.37%
Amount of Currency Exchange Loss $21 $2,861,801
Refund Rate 1.05% 0.66%
Amount of Refunded Loans $91,825 $5,128,525
Number of Refunded Loans 82 5,568

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 77.02% 74.54%
Average Loan Size $319 $414
Average Individual Loan Size $377 $648
Average Group Loan Size $1,433 $1,841
Average number of borrowers per group 8 7.9
Average GDP per capita (PPP) in local country $7,000 $5,947
Average Loan Size / GDP per capita (PPP) 4.55% 6.95%
Average Time to Fund a Loan 3.78 days 6.73 days
Average Dollars Raised Per Day Per Loan $84.28 $61.46
  Average Loan Term 5.54 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 13,597 381,565
  Journaling Rate 66.81% 40.80%
  Average Number of Comments Per Journal 0.02 0.06
  Average Number of Recommendations Per Journal 0.64 1.45

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 53% PY 46.00% PY 29.09% PY
  Profitability (return on assets) 1.3% 4.8% -1.41%
  Average Loan Size (% of per capita income) 15.90% 8.00% 19.25%

Country Fast Facts

Field Partner Staff

Mary Grace Aggabao
Racquel Ellen Borjal
Angelica Cortez
Babylyn dela Cruz
Herminia Diamsay
Team Edit
Erwin Embuscado
Anna Liza Engracia
Zoraida Libunao
Greg Macapagal
Irish Macaranas
Jane Manucdoc
Francis Ong
Ellen Pascual
Maria Cinderella Pattalitan
Emie Quijano
Racquel Sarilla
Judith Trilles
Kristine Victoria
Rolando Victoria
Ma. Luisa Villadolid

Kiva Fellow(s)

Linh Nguyen