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Thelma
Thelma is requesting a loan of 5,000 PHP to pay for advance purchases for her AVON direct selling business, allowing her to increase her credit line with AVON. She will also use the loan to pay for the monthly installment of her acquired motorcycle for transportation.

Thelma and her husband also work daily at an eatery beside Cauayan Medical Specialist Hospital, where they are paid a total of 6,000 PHP each month combined. The earnings from their salaries went to savings for the building of their simple house.

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
  • 1296
    View loans »
    Philippines Loans Fundraising
  • $57,926,225
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Thelma to pay for advance purchases in her AVON business.
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