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Merlita
Merlita is married with four children who are adults. Using their own motorcycle, her husband generates income by offering a transportation service. They live happily in the village of Nagrumbuan.

Merlita, on the other hand, manages her own general store where she is already using PHP 20,000 of revolving capital. Aside from this, she also sells fish around their village in the afternoon. She has been doing this type of selling for six years now and is used to earning a total of PHP 8,000 each month from her selling business. This has been invested towards the improvement of her current enterprise.

Now, Merlita is requesting to borrow PHP 30,000 to buy sacks of charcoal, bundles of firewood, a gallon of gasoline, more cases of soda and alcohol as new product offerings to sell in her store.

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
  • 300
    View loans »
    Philippines Loans Fundraising
  • $52,217,850
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Merlita to buy charcoal, firewood, gasoline, soda and alcohol to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013