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Nora

Success!! The loan was 100% repaid

A loan of $275 helped Nora business Capital.

100% repaid
Repayment Term:
7 months (more info)
Repayment Schedule:
Monthly
Pre-Disbursed:
Apr 17, 2009
Listed
May 8, 2009
Currency Exchange Loss:
Covered
Default Protection
Not Covered
Ended:
Oct 15, 2009
Nora and her husband are engaged in buying and selling animals and this has been the source of income for their family. She is 37 years old and married to Ruben. They live in San Rafael Ilagan, Isabela, a rural and mountainous place. Their two children are still studying. They buy cows and carabao in Pangasinan and sell them in Isabela. They only sell animals once or twice a month since Pangasinan is approximately five hours from their place. She is now requesting a loan of PHP12,000.00 that they can use as additional capital for their business.

Nora wants her children to have a better life and she is hoping that she can send them to college after high school. She believes that she can make it by working hard. She hopes that her loan will be granted so she can have a continuous source of livelihood, which is a big help in sending her children to school.

Additional information about this loan

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 the Country

Country:
Philippines
Average Annual Income:
$1175
Currency:
Philippines Pesos (PHP)
Exchange Rate:
47.3355 PHP = 1 USD
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