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Madonna May
Madonna May is commonly called by her nickname, which is “Donna”. She is 30 years old and happily married to Romel M.. They live in a rural place located at Barangay Abinganan of Bambang, Nueva Vizcaya. Having no stable job, it is difficult for them to earn a living since both of them are only high school graduates. Donna has just begun a small retail business so that she can pay for her children’s education.

Her husband cultivates a farm where they plant rice and vegetables. Due to financial difficulty and lack of capital in her store, Donna is borrowing PHP 15,000 for the maintenance of her business. She hopes to utilize the loan wisely and use it as an instrument towards the success of her small 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

  • $1175
    Average annual income
  • 459
    View loans »
    Philippines Loans Fundraising
  • $50,987,450
    Funds lent in using Kiva
  • 47.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Madonna May business Capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009