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Merlita
Merlita is 46 years old and married to Santi, who is a farmer. They are blessed with two children, who are Roshellin – 29 years old and a commerce graduate, and Caren Joy – 20 years old and currently a high school freshman. With a good relationship in the family, Merlita is really inspired in pursuing the business she started because she wants to finance her youngest daughter's college education. They live in the Ilagan municipality. Merlita shared also that the village where they live is a faraway rural place and mountainous.

Merlita wants to request loan assistance for her rice vending business, amounting to PHP 35,000, that will be very helpful to her business. According to her, the loan will be used to purchase sacks of rice and animal feed for her business since they are in demand. The products will be sold at retail prices in order to generate more income for her family and money for school fees for her children. She hopes to upgrade her business through her strong determination, for she believes that with this, she will be able to succeed in all her goals in life.

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
  • 360
    View loans »
    Philippines Loans Fundraising
  • $52,115,200
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD
Expired
A loan of $850 helped Merlita to purchase sacks of rice and animal feed to resell.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2012
Listed
May 3, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 2, 2012