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Roxanne
For the past three years, Roxanne has sold balut and red eggs wholesale and retail. She is happy because her business is growing. As her business grows, she needs more capital. She is requesting a loan of 50,000 PHP to buy materials needed for the production of red eggs and balut.

Roxanne is married and has two children. Her profits are used to pay their monthly electric bill, their daily household needs, and the salary of her helper. She hopes that her business will improve and expand so she can generate higher profits, improve her family's standard of living, and become a successful wholesaler of red eggs and balut.

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
  • 1480
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Roxanne to buy materials needed to make red eggs and balut.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Oct 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013