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Erlinda
Erlinda is a devoted wife. She expresses her commitment and full devotion to her business and to her family as well. Erlinda has operated a small sari-sari (variety) store and raised hogs for almost seven years. The profits earned from her businesses allow her to pay school fees and allowances for her children. She has three children, all of whom are married and live separately from her.
Erlinda wants to strengthen her business but has an inadequate fund, so she is asking for a loan of 50,000 PHP to buy soap, shampoo, canned goods, soft drinks, vinegar, and other basic kitchen needs. She wants to stock more items in her store to meet all her customers' requests. The rest of her loan will be used to sustain her hogs.
In the future, Erlinda aims to have a large store and improve her hog-raising business to earn a higher revenue. She wants to achieve financial independence.

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
  • 1141
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Erlinda to buy soap, shampoo, canned goods, soft drinks, vinegar, and other basic kitchen needs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012