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La Arnie Lee
La Arnie is a 25-year-old married woman with one child. She has been selling motorcycle parts and other similar products for four years. Her business is located in a shop near her home. According to her, she has regular customers and she is glad because her husband is her helper in their business. She would like to buy a stock of spare parts so that she could minimize her expenses in going to and from the place where she buys her products.

La Arnie is requesting a loan in the amount of P35,000 in order to buy a large quantity of spare parts such as tires, oils, motorcycle accessories, mufflers, fenders, chains, and sprockets for her spare parts shop so that she can continue to sell. According to her, the money she earns will be used to repay the loan, improve her family’s standard of living, and save some funds for the preparation of schooling of her daughter. She works hard because she would like to attain success in business and in her life. She hopes that through her business she would be able to fulfill her goal which is to become a successful business woman and model mother to her daughter and friends.

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
  • 1083
    View loans »
    Philippines Loans Fundraising
  • $54,704,675
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped La Arnie Lee to buy tires, oils, motorcycle accessories, mufflers, fenders, chains, and sprockets for her spare parts shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012