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Olivia
Olivia is 47 years old, married and has three school-age children. She owns and manages a general store in the community to help her husband in earning income. Due to financial constraints, she has aimed to improve her store to earn higher income. She has planned to increase her product offerings to satisfy her customers' demand. To work out her plan, she is asking for additional capital in the amount of PHP 10,000 to buy canned goods, noodles, biscuits, beverages, seasonings and soft drinks for resale. She mentioned that this financial assistance will be a great help for her to improve the business and is hoping that she will be successful in carrying out her plans.

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
  • 1314
    View loans »
    Philippines Loans Fundraising
  • $57,946,175
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Olivia to buy canned goods, noodles, biscuits, beverages, seasonings and soft drinks for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013