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Lourinda
Lourinda J. is from the village of Alimannao, Peñablanca, Cagayan. She is 52 years old. Lourinda is married and has 4 children. To make a living, Lourinda owns & operates a business venture providing recycling services. The main source of income for the business comes from hauling plastics & other recyclables for local businesses and community members. Lourinda has been engaged in her business for over 3 years and earns approximately 6100 PHP a month for these activities.

Lourinda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourinda has successfully repaid a previous loan from ASKI. This previous loan was used to purchase additional plastics & other recyclables to sell. Lourinda is requesting a new loan of 27,000 PHP which will be used to purchase additional plastics & other recyclables to resell. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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 of 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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $50,678,025
    Funds lent in using Kiva
  • 45.1
    Philippines Pesos (PHP) = $1 USD