Check out some available loans that are similar to this one!
Elizabeth
Elizabeth B. lives in the town of Bayombong, Nueva Vizcaya. She is 45 years old, married and has three school-aged children. Elizabeth makes a living by running a specialized store where she sells items such as glasses, watches and handbags to people who live in her community. She has been in business for more than 25 years and earns about 7,000 PHP a month from her work.

In 2009, Elizabeth joined ASKI to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid three loans from ASKI and is applying for a new one, for 30,000 PHP, to buy more products to sell to her customers. She plans to use the additional income made possible by this loan to improve her family's living conditions.

About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern parts of the country. Its clients are mostly of farmers, fishermen and women, 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 Partners 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
  • 389
    View loans »
    Philippines Loans Fundraising
  • $50,847,100
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Elizabeth to buy more items to sell to her customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2011