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Lolita
Lolita, 55, is working very hard for the opportunity to experience a better living standard. She manages a rice mill in the village, and in order to maintain good quality service is requesting a loan of P25,000 for its repair and maintenance. Lolita hopes for the development of her rice mill business in order to soon experience a measure of prosperity.

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
  • 1547
    View loans »
    Philippines Loans Fundraising
  • $56,630,475
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lolita to repair and maintain her rice-milling machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012