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Elvie has been operating her retail store for five years and she is glad that her business is improving and growing. She is able to earn about P5,000 a month and uses her profit to pay for her family's electric bills and daily needs.

Elvie suffers difficulties in her business due to many unpaid purchases on credit from her customers. She is requesting a loan in the amount of P20,000 to purchase grocery items such as canned goods, assorted biscuits, noodles, cooking oil etc. for her retail store business. She hopes to obtain this loan so that she can improve her family's living conditions.

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
  • 1189
    View loans »
    Philippines Loans Fundraising
  • $63,443,275
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Elvie to purchase grocery items such as canned goods, assorted biscuits, noodles, cooking oil etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 23, 2011
Oct 10, 2011
Currency Exchange Loss:
Mar 16, 2012