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Belma
Belma is 52 years old, married, and blessed with three children. Being a responsible mother, she supported her husband in generating income to satisfy their family needs and finance the education of their children. They aimed to improve their standard of living and educate their children so that they will be employed someday. Due to financial difficulty, they work together to make hollow blocks that they sell in their community. They plan to produce more hollow blocks to sell, but they have insufficient capital. For this reason, Belma is asking for an additional 35,000 PHP to buy cement and sand needed in making hollow blocks. She believes that this loan will help them to improve the business and become more successful in the future.

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
  • 1642
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Belma to buy cement and sand needed in making hollow blocks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013