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Lourdes
Lourdes aims to improve her family's status of living and give her children a bright future. She is engaged in a candymaking business to generate additional income. She is 53 years old and has three school-aged children. Due to the high cost of school fees and commodities, she sacrifices her time by making and selling candies on the school campus to finance the education of the children. She wants them to earn a degree so that they will be employed someday.

She is requesting a loan of PHP 8,000 to buy eggs, flour, sugar, sticks, and plastics needed in making candies. She believes that through this loan, she will make and produce more candies to sell. She hopes that in the future, she will make her business grow and that it becomes viable of income in the future.

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
  • 840
    View loans »
    Philippines Loans Fundraising
  • $54,407,775
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Lourdes to buy eggs, flour, sugar, sticks, and plastics needed in making candies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012