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Lorna
Lorna is 51 years old, and has a shop that serves as her primary source of income. She offers a variety of products such as perfumes, jewelries and accessories. Within 20 years of this kind of business existing, she had learned that a business cannot be a business without consumers. So she usually meets the request and demand given to her by her consumers. Especially to her loyal customers, she really has the eagerness to meet their request because they are a great help in growing her business.

In connection to this, she is requesting a loan of 50,000 pesos as additional working capital. It will be used to purchase gift items, Natasha, and Avon products. These products will serve to reap the profits of her hard work. Hopefully, her business will grow as people grow their needs.

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
  • 1540
    View loans »
    Philippines Loans Fundraising
  • $59,090,400
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Lorna to purchase gift items, Natasha, and Avon products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 11, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012