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Sharon
Sharon has been involved in a transportation business for nine years. She is thankful because though her husband is far from them, still she is able to manage her time wisely. She is 29 years of age and has two children who go to school.

Sharon's brother is the driver for her motorcycle transport because her husband is an Overseas Filipino Worker. Her main priority is to educate her two children and be able to gain greater income for her family needs. Sharon doesn't want to rely only on the remittances she receives from her husband; instead, she would like to generate her own income to help her husband in bringing up their two children. She hopes that she could uplift their living conditions out of poverty.

Sharon would like to apply for a loan of 10,000 Philippines pesos, which will be used to buy a new wheel, chain and sprocket for her motorcycle transport business. This amount will surely help her business grow continuously because changing to new wheels and spare parts for her motorcycle transport will provide comfortable travel for her passengers.

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
  • 1246
    View loans »
    Philippines Loans Fundraising
  • $57,844,575
    Funds lent in using Kiva
  • 41.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Sharon to buy a new wheel, chain and sprocket for her motorcycle transport business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013