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Elma
Elma is a store owner in Bagumbayan. She has been selling grocery items to the people in her village for more than four years now. She did not finish college and only manages a store. She usually gains about PHP 4,000 each month and uses it to pay for her younger sisters' school fees. Elma is 51 and single. She is now asking for a loan of PHP 7,000 to buy sugar, soft drinks, canned goods, and noodles to sell in her store.

This will help increase her sales and income, too.

In the future, Elma hopes to have a stable income so she can help educate some other members of her family.

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
  • 287
    View loans »
    Philippines Loans Fundraising
  • $53,135,300
    Funds lent in using Kiva
  • 41.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Elma to buy sugar, soft drinks, canned goods, and noodles to sell in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013