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Nenita
Nenita is in her forties, married, and has four children. She is engaged in the sari-sari store (convenience store) business, which produces her income. Nenita’s children are in school. Her income from the business provides for her children’s daily allowances in school.
As she manages her business, she learns from her experience, so she is now growing her business. Nenita has been managing this business for two years, and she is eager to continue. Nenita wishes for continued growth of her business. She considers that, by borrowing 50,000 PHP, she can extend the range of products she offers in their village. She plans to buy cases of soft drinks and other beverages. She hopes to increase her income and make her business succeed.

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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $52,091,300
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Nenita to buy cases of soft drinks and other beverages to sell in her sari-sari store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 20, 2013