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Ma. Loreta
Ma. Loreta lives in the village of Nagrumbuan. She is 46 years old, married, and has five school-age children. To make a living, she has been selling personal items and kitchen supplies in the local community. Ma. Loreta has been in this business for more than 16 years and earns about 300 pesos a day from these activities. As of now, Ma. Loreta is requesting a loan amounting to 9,000 Philippine pesos to buy additional stocks of kitchen supplies and personal items to sell in her village. She believes that she can improve her business with the loan amount she requested.

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
  • 837
    View loans »
    Philippines Loans Fundraising
  • $63,371,875
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Ma. Loreta to buy additional stocks of kitchen supplies and personal items to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 7, 2011
Jan 1, 2012
Currency Exchange Loss:
Jun 22, 2012