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Nenita
Nenitas’s goal in life is to lift her family out of poverty. She is 50 years old and blessed with three children. Nenita is married to Lauro, a farmer in their village. Nenita operates a small store in which she sells different products. She has been in this business for two years and earns 3,000 Philippines pesos (PHP) monthly. Profits earned are used for allowances and food, and serve as a revolving capital in the business.

Nenita's business needs additional products to sell such as canned goods, instant noodles, and beverages to increase her profits. She is now asking for a loan of 25,000 PHP to buy canned goods, bakery bread, sugar, coffee and other ingredients to sell.

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
  • 1404
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Nenita to buy canned goods, bakery bread, sugar, coffee and other ingredients to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012