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Lerma
Lerma is 40 years-old and married. She has two children. To gain an income, she has operated a retail store for almost 10 years. She is very thankful that her income from selling grocery items to her neighborhood allows her to save for daily needs of her children. According to her, the income is just enough for the family's sustenance but she still needs to improve her business to earn funds for future expenses of the family.

She is now borrowing a loan of P16,000 in order to buy canned goods, soft drinks, instant noodles and soap to sell. These items would help increase her sales capacity. Hopefully, Lerma can reach her goal of improving the general living condition of her family.

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
  • 243
    View loans »
    Philippines Loans Fundraising
  • $50,658,275
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Lerma to buy canned goods, soft drinks, instant noodles and soap to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2011
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012