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Norlita
Norlita is 34 years old, married, and has two school-aged children. Her main source of income comes from selling seafood products including fish and shrimp in the local community. She has been involved in her business for over one year and earns approximately 200 PHP daily from these activities.

She joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Norlita is requesting a loan of 5,000 PHP which will be used to purchase seafood products, including fish and shrimp to sell. She plans to use the additional revenue generated from the business to improve/expand 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

  • $7,000
    Average annual income
  • 1246
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Norlita to purchase seafood products, including fish and shrimp to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2011
Listed
Oct 6, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012