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Nora

Success!! The loan was 100% repaid

A loan of $325 helped Nora to purchase additional livestock.

100% repaid
Repayment Term:
8 months (more info)
Repayment Schedule:
Monthly
Pre-Disbursed:
Aug 25, 2009
Listed
Sep 25, 2009
Currency Exchange Loss:
Possible
Default Protection
Covered
Ended:
Feb 15, 2010
Nora is a 37 year-old business woman from the village of Cabisera 17-21 Ilagan, Isabela. She is married to Ruben who is also her business partner. They have two children and both of them are studying.


Nora and her husband run a livestock business as their main source of income. Her husband is the one responsible for purchasing live cows and carabaos (a type of water buffalo) from different villages and the one who sells in the province of Pangasinan. Nora is in charge of looking for a good animal to purchase. The couple have been in this business since their children were still young.


She is now requesting a loan of PHP 15,000 to increase their business. It will help the business to be more profitable because she knows that the more livestock they sell, the greater the profits generated.

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:
47.5219 PHP = 1 USD
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