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Myrna
Myrna is 40 years old and married to a farmer with four school-aged children. She has been managing a sari-sari store (a community-based store) for 15 years. She needs to have additional income to meet the demands of her customers. She has requested a loan of Php 9,000 to buy additional products to display at her store. She wishes that someday she can reconstruct her house into a better one to improve her living conditions.

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
  • 355
    View loans »
    Philippines Loans Fundraising
  • $50,982,700
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Myrna to buy snacks foods and canned goods for her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013