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Gemma
Gemma has three children who hold a degree. She manages a sari-sari store business in their village. Gemma generates income by selling various commodities like powder juice and snack foods. Gemma has run this business for 10 years. She is proud to share that through her income generated from the business, she was able to provide her children allowances for school.

Gemma dreams to extend the products she offers to her customers. Due to financial constraint, Gemma could not satisfy what her customers wanted to buy. Hence, she is requesting a loan of PHP 20,000 to buy eggs, spices, and canned goods for additional products to sell in their village.

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
  • 367
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Gemma buy eggs, spices, and canned goods to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012