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Ofelia
Ofelia has been engaged in managing her general store business for ten years. She wants to grow her business and be more profitable for the welfare of her three children. Ofelia is requesting a loan amounting to PHP25,000 so that she will have additional revolving capital for the expansion of her business. She wants to buy more products to sell in order to meet her customers' demands. She hopes to be given the chance to further improve her business.

Ofelia is now 36 years old and is married to Wilfredo who works as a farmer in their village. They are blessed with three children who are all in school. Their eldest, Teffany Joy, is a third-year high school student. Their second child, John Mark, is 12 years old and currently a first-year high school student. Their youngest, Wilfredo, is 9 years old and in fourth grade. With her business, she hopes to assist her children in attaining their dreams. As she stated, "If you do, you'll win; if you don't, you won't."

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

  • $7,000
    Average annual income
  • 1520
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Ofelia additional revolving capital to buy more products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Oct 12, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010