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Annabelle
Annabelle D. is from the village of Brgy. Quirino, Solano, Nueva Vizcaya. She is 37 years old, married and has 3 school-aged children. Annabelle owns and operates a butcher shop, butchering and selling pork and chicken meat in the market. Annabelle has been engaged in her business for over 5 years and earns approximately 12,000 PHP a month from it.

In 2009, Annabelle joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Annabelle has successfully repaid a previous loan of 30,000 PHP from ASKI, which was used to purchase additional products to sell. Annabelle is requesting a new loan of 40,000 PHP which will be used to purchase new items to expand product offering. This will be the 2nd loan taken out by Annabelle 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 38 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
  • 384
    View loans »
    Philippines Loans Fundraising
  • $50,811,475
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Annabelle to purchase new items to expand product offering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011