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Rosana
Rosana devotes her full time in operating her variety store. She has been in this business for 10 years. With this regard, she is thankful because her husband is supportive in improving the business they manage. While she is busy running her home-based store, her husband is also busy operating his transportation business.

She and her husband had been blessed with four children.Two of the children are currently studying, one is already married and the other one is working. Rosana aims to make her small store into a mini grocery so that she can support her two children in their studies. She doesn't want her children to experience what she had to go through during her school days. So, to make her goal possible, she is doing her best in order to increase the profits being generated from her variety store. Rosana would like to request for bigger capital in the amount of PHP50,000 which will be use in buying a complete set of merchandise to re stock her store and satisfy her customers' demands. By doing this kind of business strategy, she can be able to have a productive business. In addition, she can achieve a better way of living.

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
  • 984
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Rosana to buy a complete set of merchandise for her variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2012