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Merlita
To further finance the family needs, Merlita generates an income from planting various vegetables in their backyard and farm. Merlita has been engaged in this type of business for 11 years. She is not getting tired of doing her business because she loves what she does. Merlita plants creeping vegetables in their backyard such as string beans, squash and seguidillas. Merlita wanted to plant more vegetables to increase her sales and at the same time increase her profits to further support her five children attending school.

Merlita is looking for a loan of 10,000 PHP to buy seeds of eggplant, bitter gourd and sponge gourd to plant on their farm. She wishes for the growth of her business for the future of her family.

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
  • 1350
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Merlita to buy seeds of eggplant, bitter gourd and sponge gourd to plant on their farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 19, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012