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Shalimar
Shalimar G. is from the village of Mabasa Dupax del Norte, Nueva Vizcaya. She is 41 years old. Shalimar is married and has five school-aged children. To make a living, Shalimar raises ducks to produce and sell eggs. Shalimar has been engaged in her business for over five years and earns approximately 5,200 Philippine pesos (PHP) a month from it.

In 2010, Shalimar joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Shalimar is requesting a new loan of 5,000 PHP, which will be used to invest in expanding the business. This will be the first loan taken out by Shalimar from ASKI. 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 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
  • 1282
    View loans »
    Philippines Loans Fundraising
  • $56,280,875
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Shalimar to invest in expanding the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2010
Listed
Sep 24, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011