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Imelda
Imelda has been running her home-based store for seven years. She is indeed thankful because the profits she has generated from her retail business have been useful in bringing up her four children and providing for their basic needs. In addition, she is able to maintain two hectares of rice fields and provide daily livestock feed for the hogs she raises. Imelda really wants to have a continuously high income to be able to sustain the family's basic needs.

Imelda aims to educate her three children, so that they can find better opportunities as they journey through their lives. To realize this dream, she is asking for additional working capital to improve her home-based store. She is requesting a loan of 25,000 PHP which will be used to buy volumes of merchandise to increase her sales. She believes that she can make her dreams possible through the continuous improvement of her business and the financial support of KIVA lenders.

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
  • 1342
    View loans »
    Philippines Loans Fundraising
  • $57,861,200
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Imelda to buy merchandise to improve her retail business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2012
Listed
Apr 17, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012