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Nenita
Nenita is married and has four children. She has operated her retail store for six years. She is glad that her spouse is supportive in making their business grow. Her gained profits are used for their basic commodities and other household expenses.

Nenita's principle in life is to have a stable source of income to get ahead of life. Since she doesn't have enough capital and would like to offer complete basic necessities, she is seeking a loan for additional working capital in the amount of PHP 15,000. She knows that through this loan, she could satisfy her customers' demands and obtain a better quality of life.

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
  • 1265
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Nenita to buy more stock of merchandise for her retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013