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La Arnie Lee
La Arnie Lee is full of hope in life. She is 26 years old and married with one child. Her family is currently living in the village of Gundaway Cabarroguis.

La Arnie Lee has is operating a business known as "EB cycle Parts" where she offers different kinds of motorcycle parts and car parts. She has been in this kind of business for five years. She started with PHP 20,000 in capital. With her small capital, she was able to improve her spare parts business. La Arnie Lee is really grateful because her grandmother-in-law is supportive about making the business more productive. The income generated from her business is used for their daily basic needs, allowances, monthly electric bill and school fees for her daughter.

La Arnie Lee has been doing her best in order to obtain success in life. Though she has only one child, her expenses are still too high because her child is studying at a private school. She wants this for her only child because she was not able to finish her studies due to an early marriage. At this time, she would like to buy mufflers, oil, tires and other kinds of spare parts for motorcycles because the products immediately sell out. With her goal of having a high income and providing her customers with quality products, she is requesting a bigger loan amount of PHP 40,000 this time. She hopes that she can obtain this loan amount. This would be a big help in making her business expand.

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
  • 372
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped La Arnie Lee to buy mufflers, oil ,tires and other kinds of motorcycle parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012