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Ronald
Ronald owns two retail stores, one of which is located in the public market of Ramon and the other is based in his home. He is married with four children. He is thankful because through his hard work and patience in managing his variety stores he is able to earn a living.

Ronald said that his merchandise sells out immediately because he is selling complete sets for basic needs. For this reason, he is asking for a loan of PHP 50,000 to obtain his goal which is to increase his sale and profit.The loan would really help him in improving the retail stores he manages. He believes that his sacrifices will give him a fruitful outcome. In this regard, he could sustain all the needs of his family and satisfy his customer demand. He also hopes to improve his family's financial stability and living conditions.

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
  • 391
    View loans »
    Philippines Loans Fundraising
  • $50,818,125
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Ronald to increase his stock of merchandise for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012