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Melvin
Melvin aged 51 is a business-oriented woman. She manages a small store selling grocery items to the village. This is her fruitful business that provides a small improvement to their daily living. With the spur to achieve a better quality of life, she is asking for a loan of 20,000 pesos as additional funding to purchase extra groceries to stock in her store.

Someday, she hopes that she would be able to experience a comfortable life with a lesser burden in her daily routine. But for now, Melvin is required to work hard and accept all the challenges she encounters.

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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $50,698,750
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Melvin to purchase extra groceries to stock in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 11, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012