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Rita
Rita is 46 years old and lives in the village of Gundaway Cabarroguis, Quirino. She is married with three children. She is business-minded woman because she has been engaged in two businesses, fish selling and running a grocery store.

Rita has a retail shop that sells a variety of fresh fish. She has had this business for two years while she has had her grocery store for four years. According to her, she is able to earn P5,000 monthly with her fish selling and P3,000 from her grocery store. She is requesting a loan amount of P50,000 to buy different kinds of fish such as tilapia, milk fish and mackerel to sell in the market.

She hopes that she can increase her profit so that she can give her children a good quality education.

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

  • $7,000
    Average annual income
  • 1508
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rita to purchase different kinds of fish such as milk fish, mackerel, and tilapia for fish-selling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 23, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012