Check out some available loans that are similar to this one!
Leonila
Leonilla is married to a tricycle driver. They live in the village of Villa Marzo Cordon. The couple have been blessed with six children.

For the past five years, Leonilla has operated a transportation business, particularly motorcycle transport. Every day her husband wakes up early to transport the passengers going to and from the market.

Leonilla faces a major challenge, which is renewing her franchise of motorcycle transport. Due to insufficient capital, she is asking for additional capital from the lenders amounting to P30,000. This will help her business grow because her operation will not stop just because she doesn't renew her franchise.

She also feels that she could make her motorcycle more comfortable to the passengers so that they could always rent it when they travel to nearby areas of the community where they live.

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
  • 999
    View loans »
    Philippines Loans Fundraising
  • $54,488,350
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Leonila to be used in renewing the franchise of motorcycle transport.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 11, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012