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Mercita
Mercita F. is from the village of Lanna, Solana, Cagayan. She is 55 years old. Mercita is married and has 8 adult children. To make a living, Mercita owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Mercita has been engaged in her business for over 13 years and earns approximately 3000 PHP a month for these activities.

Mercita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Mercita is requesting a loan of 5000 PHP which will be used to purchase additional products to sell. This will be the 1st loan taken out by Mercita from ASKI. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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

  • $7,000
    Average annual income
  • 1347
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 45.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Mercita to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2010
Listed
Aug 27, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011