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Erma
Erma owns and manages a welding shop in her community which provides the financial resources to cope with her family's growing needs. Her husband is the one who is trained in this field, but she helps him through managing the business and providing good communication and friendly character to their customers.

She is planning to expand their business but insufficient capital stops her from executing the plan. In order to fulfill her plans, she is asking for a loan of PHP 20,000 for the expansion of the welding shop. She will then be able to support her husband in earning a higher income and saving for the education of their two children.

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
  • 1409
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Erma to expand her welding shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 14, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013