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Luzviminda
Luzviminda is 48 years old and has been operating a sari-sari store for ten years. A sari-sari means variety wherein it has the concept of tingi; a customer can buy 'units' of the product rather than the whole package. For example, one can buy one pc. of candy for a peso rather than a whole pack. She sells biscuits, vinegar and cooking oil in her store that one can buy as tingi.

She was blessed with seven children, all of whom are studying. It is hard to send them all at the same time, but she never feels it is hardship, but instead, she is very inspired to work as she repeatedly states they are her blessings from God to give their needs.

She is requesting a loan amount PHP7, 000 to buy soft drinks, salt, and sugar as additional commodity to her store. She hopes that she will generate more income through these goods to have savings for the education of her children.

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
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Luzviminda to buy soft drinks, salt, and sugar as additional commodities for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 20, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012