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Imelda
Imelda is a mother who owns and manages a variety store to generate income. She is 44 years old and was gifted with three children. Being a responsible parent she aimed to educate her children and give them a better life. Despite the hardships and difficulties encountered in life, she has the strong determination to continue and improve the business.

She plans to increase her product offerings to satisfy her customers' demand. To secure adequate capital, she is asking for a loan of 20,000 PHP to buy biscuits, snack foods, candies, canned goods, noodles, beverages, seasonings and soft drinks for sale. She believes that this loan will help her to work out her plan. She hopes that someday, she will improve her business and make it a viable source of income.

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
  • 333
    View loans »
    Philippines Loans Fundraising
  • $50,765,025
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Imelda to buy biscuits, snack foods, candies, canned goods, noodles, beverages, seasonings and soft drinks for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013