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Edna
The primary source of income on which Edna and her family relies is through making and selling cacao balls and peanut butter which is ideal for sandwich spreads. Edna has been doing this for 10 years and earns PHP 4,000 each month.

Edna is 56 years old, married and has been blessed with 10 children. Five of them have settled into marriage so that she didn't even sustain their college education. The rest attend school.

She decided to borrow PHP 14,000 to buy more cacao balls, peanuts, brown sugar and plastic jars for packaging. She needs to increase sales to earn additional profits to sustain her children's schooling. She wants to provide a good education for them to earn a degree so they can someday seek better employment.

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
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Edna to buy cacao balls, peanuts, brown sugar and plastic jars for packaging.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Nov 13, 2011
Currency Exchange Loss:
Possible
Ended:
May 21, 2012