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Rhoda
Rhoda is a hardworking mother who sells ukay-ukay (used clothes) in the market. This is her way of helping her husband to generate income. She is now 49 years old and has thee school-age children. Due to the high cost of school fees and commodities, they need to increase their income to cover necessities and finance the education of their children. She plans to acquire more goods to sell, but she has inadequate capital.

Rhoda is requesting a loan of 20,000 Philippine pesos to buy pants, jackets, blouses, T-shirts, short pants, polo shirts and underwear to sell. She believes this financial assistance will help her to work out her plan. She is hoping that she will be successful in carrying it out.

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
  • 1101
    View loans »
    Philippines Loans Fundraising
  • $54,704,675
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Rhoda to buy pants, jackets, blouses, T-shirts, short pants, polo shirts and underwear to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013