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Leonida
Leonida, 54, is a widow and sole parent of five children. She works hard to generate income from her rice retailing business in their village. With this business, she is able to sustain the needs of her children.

Leonida wants to buy five cavans of milled rice to retail and to buy new products, such as canned goods, to sell in her stall. She is asking for a loan of 20,000 PHP to pursue this business improvement.

From three years managing the business, she estimates her average net income at 2,000 PHP per month, which is used in providing for her family's basic needs and for further business development.

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
  • 1339
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Leonida to buy five cavans of milled rice to retail and to buy for new products, such as canned goods, to sell in her stall.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2011