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Meriam
Meriam’s store has been a big help for her family, as every week she can earn an income of at least 2,000 PHP. Meriam budgets that income to support her children's education and for their daily needs.

To further sustain her business, Meriam is requesting a loan of 20,000 PHP to buy more stock such as soft drinks, spices, beverages, noodles, and biscuits to sell in her store. The loan amount will make her store profitable and hopefully enable her to convert it into a bigger store. In this way, she can provide for the immediate needs of the people in the community and make it more convenient for them, because they will not have to go to the market just to acquire their basic requirements.

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
  • 1159
    View loans »
    Philippines Loans Fundraising
  • $54,653,725
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Meriam to buy more stock such as soft drinks, spices, beverages, noodles, and biscuits.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013