Check out some available loans that are similar to this one!
Nenita
Nenita M. is from the village of Salay in the municipality of Angadanan in Isabela Province. She is 48 years old. Nenita is married and has three grown children. To make a living, Nenita owns and operates a general store. The main source of income for the business comes from selling both food and daily use products in the local community. Nenita has been engaged in her business for over 15 years, and she earns approximately 6000 PHP a month for these activities.


In 2008, Nenita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nenita has successfully repaid a previous loan of 12,000 PHP from ASKI. This previous loan was used to purchase additional inventory and to add to working capital. Nenita is requesting a new loan of 20,000 PHP, which will be used to purchase additional products to sell. This loan will be the fifth loan taken out by Nenita from ASKI. She plans to use the additional revenue generated from the business to improve/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, fisherfolk, 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
  • 675
    View loans »
    Philippines Loans Fundraising
  • $53,367,175
    Funds lent in using Kiva
  • 44.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Nenita to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Aug 21, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011