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Lucidel
To make a living, Lucidel has operated her general store for more than five years. She earns a net profit of PHP 150 each day in this business. Her profit is being rolled into revolving capital to maintain the business.

Lucidel is 31 years old, married, and has one school-aged child. To expand her retailing, she is taking out this loan of PHP 25,000 to buy additional stock such as canned goods, groceries, noodles, shampoo, and spices to sell.

Lucidel hopes to further grow her general store and to increase her income, which will secure her family's future and the education of her child.

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
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,259,575
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lucidel to buy additional stock such as canned goods, groceries, noodles, shampoo, and spices to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012