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Merlina
Merlina S. is from the village of Olango. She is 37 years old. Merlina is married and has two school-aged children. To make a living, Merlina raises pigs for fattening and sale. Merlina has been engaged in her business for over one year and earns approximately 3000 PHP when she sells her animals.

In 2009, Merlina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlina has successfully repaid a previous loan of 8000 PHP from ASKI. This previous loan was used to purchase livestock feed and other supplies. Merlina is requesting a new loan of 7000 PHP which will also be used to purchase livestock feed and other supplies. This will be Merlina's third loan from ASKI. She plans to use the additional revenue to improve and expand her business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 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

  • $1175
    Average annual income
  • 1015
    View loans »
    Philippines Loans Fundraising
  • $54,447,850
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Merlina to purchase livestock feed and other supplies.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2010
Listed
Aug 15, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011