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Mercedes
Mercedes is 56 years old and from the village of Quirino. She is a very responsible mother of six.

So that she is able to meet the important daily needs of her family, Mercedes is requesting a loan amounting to 9000 PHP. With this loan she will buy bananas, cabbage, tomatoes, carrots, and onions for her business so that she will have additional 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
  • 785
    View loans »
    Philippines Loans Fundraising
  • $53,378,125
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Mercedes to buy fruits and vegetables for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013