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Narelie
To make a living, Narelie patiently runs her home-based store. She has been engaged in this kind of business since December 2011. Narelie is a young entrepreneur and a married woman who has two children.

Narelie said that running her business is quite difficult because of some factors that could really affect it such as credit. So, she is doing her best in order to make her store grow. She is really thankful because her business runs smoothly. But still, her capital is not sufficient due to her expenses for her children, including milk, diapers, and their daily needs. For this reason, Narelie is requesting a loan in the amount of PHP 15,000 to buy more merchandise for her store. She hopes to obtain the requested loan in order to increase her profits and save some for her children's education and to improve their 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
  • 1152
    View loans »
    Philippines Loans Fundraising
  • $54,880,275
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Narelie to buy more merchandise for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012