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Mercy
“I learned that the only way you are going to get anywhere in life is to work hard at it. Whether you're a musician, a writer or a businessman, there is no getting around it. If you do, you'll win-if you don't you won't” simply stresses Mercy. Mercy is a 47-year-old hard-working businesswoman who sells dry goods in their community.

She offers dresses, shorts, pants and underwear, which she has been doing for eight years now. She is earning a net income of PHP 50,000 every month, which she uses for the education of her six children. Part of it, she invests in the bank for safety. She wants to put in additional goods to sell. For that reason, she wants a loan of PHP 20,000 to buy pants and shorts. A part of it will be used to improve her current business.

Hopefully, she will be succeeding in every opportunity that God has given to her to help others through offering jobs (hiring a saleslady) to people in their community.

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
  • 499
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mercy to buy pants and shorts.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 8, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012