Check out some available loans that are similar to this one!
Edina
Edina Q. is a 64-year-old woman from Capatan, Tuguegarao City. Edina is a widow with seven adult-age children. To make a living, Edina owns and operates a business venture in the agriculture sector by raising livestock. She explains that her primary source of income is derived from raising pigs and re-selling them for profits. Edina has been engaged in this business for over six years and earns approximately 4,500 PHP per month from these activities.



In 2005, Edina joined ASKI to gain much-needed access to financial services. As a result, she was better able to engage in business activities and to improve her family's standard of living. Recently, Edina successfully repaid a prior loan in the amount of 10,000 PHP from ASKI. Edina is now requesting a new loan, this time in the amount of 5,000 PHP ($125), which would be used to purchase young livestock to raise and sell in the future. Notably, this loan would be her fifth loan from ASKI. She plans to use the additional revenue generated from the business as a result of the loan to improve and expand her business.



About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas of the country. Its clients mostly consist of farmers, fishermen/women, and entrepreneurs.

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
  • 366
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Edina to expand and improve her business by purchasing and ultimately selling additional livestock.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2010
Listed
Dec 3, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011