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Florenda
Florenda is a hardworking mother who engages in a tailoring business to generate income. She is 58 years old and has five adult children. She and her husband aim to improve their status of living to satisfy their needs and give their children a better life. Florenda has been operating the business for almost 22 years and usually earns a profit of PHP 12,000 a month that she has utilized for their daily consumption and allowances for her children in school.

Being a patient and industrious mother, Florenda educated most of her children with the help of her husband. At present, her business is still existing and she wants to improve and strengthen it to continuously earn sufficient income for their family. To improve the business, she is asking for an additional capital of PHP 50,000.00 to buy threads, buttons, zippers, machine oil, needles, tape measure and hook & eye clasps needed in dressmaking. She mentioned that this financial assistance will be a great help for her to improve the business and she is hoping that she will make more improvements in the future.

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
  • 1309
    View loans »
    Philippines Loans Fundraising
  • $57,977,325
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Florenda to buy threads, buttons, zippers, machine oil, needles, tape measure and hook & eye clasps needed in dressmaking.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013