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Myrna
Myrna is 33 years old and has been married to Tito for almost 11 years. The couple has one child who is in college. To meet the family's daily needs, Myrna has established a small store in which she sells grocery items to the people in her neighborhood. According to her, minimal profits earned were just enough to buy food for daily meals and to provide allowances for her child. She is thankful that, despite many competitors in the retail business, she can still acquire sales and earn good profits.


With her current situation in the business, she aspires to make improvements and to provide for all of the needs of her customers. She is asking for additional capital, because she had insufficient funds to buy canned goods, soft drinks, detergents, and eggs to sell. She is now asking for 25,000 PHP.


Through the help of this loan and her patience and determination to succeed, Myrna will alleviate her family's poor 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

  • $7,000
    Average annual income
  • 1288
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Myrna to buy canned goods, soft drinks, detergents, and eggs to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012