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Loida
Loida is 42 years old and lives in Gonzaga. She is married and has three children. Loida has been operating a wholesale business for almost 13 years and is able to earn about PHP 10,000 a month because her allotted place is in their public market. She sells products such as Tupperware brands, Splash and AVON. With her charismatic and friendly character, she’s able to attract customers. For that reason, she is earning a profit to cover the needs of her family.

She wants to stock more products in her store. This causes her to request an additional loan from ASKI for 20,000 PHP to purchase the orders of her loyal customers for items such as lotion, bras, lipsticks, face powder, plastic plates and glass. She is hoping that through her business, she can save some funds for the studies of her three 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
  • 1511
    View loans »
    Philippines Loans Fundraising
  • $59,099,150
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Loida to purchase her loyal customers' orders for lotion, bras, lipsticks, face powder, plastic plates and glasses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013