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Monette
Monette is recognized as a responsible mother. She is 31 years old and is married with three children. To earn a living, Monette is engaged in the retailing business, in which she sells common goods.

Monette wants to expand her business to increase her daily income. In this regard, Monette is asking for a loan in the amount of 30,000 Philippines pesos to buy canned goods, noodles, condiments, soft drinks and assorted bread to sell in her sari-sari (convenience) store. She hopes to increase her income so that she can sustain the financial needs of the family and save money for the future.

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
  • 876
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Monette to buy canned goods, noodles, condiments, soft drinks and assorted bread to sell in her sari-sari (convenience) store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 2, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013