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Carmelita
Carmelita is a simple 55-year-old mother from the mountainous region of Maluno Sur in the province of Isabela in the Philippines. She is engaged in selling a variety of products to the community. According to her, she needs to double her work effort so that she can give the good life to her family. In relation to that, she is asking for a loan of Php 26,000 to buy different products that she can offer to the people in the community. In the future, Carmelita hopes that she can provide all that her family needs.

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
  • 1462
    View loans »
    Philippines Loans Fundraising
  • $59,320,525
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Carmelita to buy noodles, coffee, sugar, and cooking oil for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013