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Malvar
Malvar is an honest and a responsible man. He spends most of his time providing good customer service in his general store. He sells canned goods, breads, soap, shampoo and toothpaste to the people in his village. He also sells medicines. He had been operating his general store for almost 10 years.

Malvar is 45 years old and has two grown-up children.

Malvar is asking for a loan of P50,000 to buy soft drinks, milk, sugar and medicines to sell in his store. He needs additional items to sell in order to boost his profits.

He wants to keep making better sales and continue growing as an entrepreneur. In the future, he would like to achieve financial stability.

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
  • 361
    View loans »
    Philippines Loans Fundraising
  • $50,943,675
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Malvar to buy soft drinks, milk, sugar and medicines to sell in his store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2011
Listed
Sep 23, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012