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Mercedes
Mercedes is 48 years old and engaged in a buy and sell business. She sells vegetables such as camote tops, okra, squash, beans, munggo and potato. She has been doing this for 15 years. Within these years of operating her business, her eldest child finished college. She is saving for her two children's educations. As of now, they are not interested in their studies, because they experience an insufficient amount of everyday necessities. As they stated, they should meet their everyday needs first.

To achieve this objective, Mercedes is asking for a loan amount of PHP 19,000 to buy vegetables such as okra and squash as additional goods to sell. Through selling these goods, she would be able to earn more than her usual income. By doing that, she can now save for the future of her two children.

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
  • 1303
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Mercedes to buy vegetables such as okra and squash as additional goods to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012