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Noemi
Noemi T. is from the village of Lanna, Solana, Cagayan. She is 44 years old and is married with two school-aged children.

Noemi owns and operates a tailoring business, providing general alteration and tailoring services to local community members. She has been engaged in her business for over fifteen years and earns approximately 5,000 PHP a month.

In 2006, Noemi joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 35,000 PHP from ASKI.

Noemi is requesting a new loan of 15,000 PHP which will be used to invest in expanding her business. This loan will be her 10th from ASKI. She plans to use the additional revenue generated from the business to pay her children’s tuition fees.


About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-one branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolk and small-business 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
  • 314
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Noemi to invest in expanding her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2010
Listed
Aug 17, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011