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Emily
Emily B. is from the village of Villa Coloma, Bagabag, Nueva Vizcaya. She is 47 years old. Emily is married and has 4 school-aged children. To make a living, Emily owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from preparing and selling snacks and vegetables. Emily has been engaged in her business for over 5 years and earns approximately 5000 PHP a month for these activities.

In 2007, Emily joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emily has successfully repaid a previous loan of 15000 PHP from ASKI. Emily is requesting a new loan of 20000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the eighth loan taken out by Emily from ASKI. She plans to use the additional revenue generated from the business to financially support her immediate family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolks and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 1618
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Emily to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2009
Listed
Dec 12, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010