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Melinda
Melinda is 43 years old and lives in Barangay Marobbob Amulung, Cagayan. She is married and while she doesn't have any children, she is generously supporting her niece who is getting her masters degree.

Melinda owns a village store. She sells snacks called pansit (a type of noodles). Before she was able to put up her small store, she sold her goods around the village. With her store ready, she can now offer more commodities to meet the demands of her customers. She wants to further develop her business, so she is asking for a loan from KIVA lenders to provide business capital, amounting to PHP 23,000. She wants to buy more goods to sell in her store to increase her profits.

Melinda hopes that her business will further expand so that she will be able to cover her own expenses and finance the schooling of her niece.

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
  • 1332
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Melinda capital to buy more goods to sell in her general store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2009
Listed
Nov 20, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010