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Narcisa
Narcisa, 42 years old, is from the village of Santa Isabel Norte, Ilagan, Isabela. She is married to Ronilo Montales who is working hard in their own farm. They have four children, of whom two are still studying. Their eldest Jenilyn is now 20 years old and already married. Second is Raphie, 19 years old, a high school graduate; he is now helping his father in the farm. Next is Riezel Grace, 16 years old, she is presently studying as a first year college student . Rona Jean, their youngest, is now 14 years old and she is presently a third year student in secondary school.



Narcisa has been selling vinegar and soy sauce in their village. She purchases vinegar and soy sauce in huge containers and retails it by dividing or pouring it into small bottles. From this business, Narcisa is generating a net income of PHP 5,000 monthly which is of great help in providing the needs of their family.



Narcisa is planning to re-open her general store but she has insufficient capital to purchase various commodities. For this reason, she is requestingl a loan amounting to PHP 5,000 to be used as additional starting capital for her retail business. She hopes that with the help of lenders, she will be able to pursue her retail business to provide a better living for her family. She hopes that her loan will be approved.

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
  • 334
    View loans »
    Philippines Loans Fundraising
  • $52,191,675
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Narcisa additional capital to pursue her retail business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010