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Rona Lorraine
Rona Lorraine is single and 30 years old. She has a general store where she sells rice, oil, different kinds of groceries such as noodles, biscuits, shampoo, soap, canned goods, milk, coffee and many kinds of dry goods. Rona Lorraine has had this business for almost eight years. According to her, the items that are easily disposed of are the rice, oil, coffee, milk, ingredients and eggs because all these are the basic needs.

Rona Lorraine is requesting a loan of PHP 50,000 to buy additional rice, cooking ingredients, milk, oil and eggs. She is grateful for the development of her retail store. She usually earns about PHP 12,000 each month in this kind of business.

In the future, Rona Lorraine hopes to improve her business by buying additional products needed in her village and to save some of her profit to have some savings when she gets weak.

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
  • 943
    View loans »
    Philippines Loans Fundraising
  • $53,508,550
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Rona Lorraine to buy additional rice, cooking ingredients, milk, oil and eggs to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
May 30, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2011