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Conchita
At 38 years of age, Conchita is an business-minded and dedicated person to her business, a store where she sells all basic commodities and at the same time she sells some cosmetic products, shirts, sandals and bags as a source of additional income. She has had this business for nine years and she is happy because she has a lot of profit.The profit she generates from her business is used for their daily needs, the allowance of her eldest son, and payment for their electric bill.

Conchita enjoys her daily routine while her husband is also busy in cultivating their rice fields. She hopes to have more customers and gain greater income to have her store stocked with a great variety of items. Her goal is to improve her direct selling business so that she can have additional capital in maintaining her store.

Currently Conchita needs a loan amount of P20,000 to buy groceries to stock such as canned goods, oil, sugar, milk, junk foods, assorted biscuits and soft drinks for her home-based store.She hopes that she can obtain her requested loan amount. She believes that she could make her business grow and be profitable because of her hard work and patience in managing her store and direct selling 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

  • $7,000
    Average annual income
  • 1305
    View loans »
    Philippines Loans Fundraising
  • $57,913,450
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Conchita to buy groceries such as canned goods, oil, sugar, milk, junk foods, assorted biscuits and soft drinks for her home-based store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Sep 27, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012