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Carmelita
Selling grocery items to the people in her village allows Carmelita to sustain her family's need for daily meals. Income generated from the business has been very minimal, so she needs to improve her sales to increase her earnings.

Carmelita has insufficient funds, so she is now asking for a loan of PHP 30,000 to buy canned goods, bottled beverages, eggs and sugar to sell in her store. She would like to earn consistent profits from the business to meet all the needs for the betterment of her family's 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

  • $1175
    Average annual income
  • 358
    View loans »
    Philippines Loans Fundraising
  • $50,755,825
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Carmelita to buy canned goods, bottled beverages, eggs and sugar to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012