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Nereo
Nereo lives in Cataggaman with his wife and five children. He is married to Amalia, a house keeper. In order to generate income for the family, he sells fruits and vegetables to the people in his village. He rented a small stall at the public market, and from selling his merchandise he generates about 10,000 PHP.

He aspires to increase his income in order to diversify his business. He is now asking for a loan of 15,000 PHP to buy more bananas, potatoes, eggplant, beans, and cabbages to sell. His wife also helps him manage the business.

With good funds and continuous hard work, he hopes to achieve a progressive life for his family someday.

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
  • 315
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Nereo to buy more bananas, potatoes, eggplant, beans, and cabbages to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013