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Mercedita
Mercedita or "Mercy," as she was fondly called in her village, has a principle in life which is "to be patient in everything you do so that you will reap a fruit of success someday". Despite of the economic crisis, she is still determined to improve her family's standard of living and to give her children a better future.

She is married to Maximo Sr. who works as a carpenter. Mercy manages a little store and sells street foods and snacks in front of their house. She also manages a hog-raising business for additional income.

She hopes to further develop her small businesses so she wants to borrow PHP 20,000.00 from Kiva. Because sending her children to school is very costly, she aims to increase her income for their education. She and her husband are doing their best for the welfare of their family.

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
  • 294
    View loans »
    Philippines Loans Fundraising
  • $52,099,125
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Mercedita additional capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2009
Listed
Aug 7, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010