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Rona Lorraine
Rona Lorraine is 30 years old, a resident of San Fabian Echague. She is single and a business-minded person. She sells rice and groceries such as coffee, shampoo, detergent soap, junk food, hand and body lotion, perfumes and oil. Her business is located at a public market in Echague. She has had this kind of business for eight years and with this business alone she is able to earn about P20,000 a month.

Rona Lorraine would like to become a successful entrepreneur someday. For this reason, she would like to buy stock of rice for her stall but her funds are not enough. So, she is requesting a loan amounting to P50,000. She truly believes that she will be able to increase her sales and income in this manner. In this regard, she could improve her quality of life and her business.

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
  • 1378
    View loans »
    Philippines Loans Fundraising
  • $56,534,775
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Rona Lorraine to buy sacks of rice for her stall at the market.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2011
Listed
Sep 26, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012