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Lorena
Lorena married at an early age. She is 21 years old and has two children. One child attends school, and the other is still young. She works as an assistant for a lumber company in Cauayan, and her husband works as a salesman at the same company. Combining their salaries, the couple earns 4,000 PHP net income monthly to support their daily needs, especially the needs of their children.

Lorena is requesting a loan of 7,000 PHP from ASKI that she will use to open a general store. Her mother will look after this business while she continues working daily at the lumber company with her husband. The loan will also be used to buy merchandise for the store including canned and bottled goods, seasonings, coffee, sugar, shampoo, and soap.

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
  • 1444
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Lorena to buy merchandise such as canned and bottled goods, seasonings, coffee, sugar, shampoo, and soap.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013