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Remelito
Remelito is a responsible son to his parents. At age 34, Remelito is still single. Thus, he devotes himself full-time to his sari-sari store business. He has been in his business for three years and earns about 300 Philippines pesos (PHP) a day. Now, he is requesting a loan amounting to 14,000 PHP to purchase grocery items such as canned goods, noodles, curls, and daily use products to sell. He hopes that he can get the amount he requested to further develop his business.

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
  • 1520
    View loans »
    Philippines Loans Fundraising
  • $59,096,650
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Remelito to purchase grocery items such as canned goods, noodles, curls, and daily use products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2011
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2012