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Gloria
Gloria is a hard-working mother who owns and manages a small beauty salon inside a public market. She is 61 years old and has three grown children. She aims to earn and save more money to satisfy their necessities, save for their future, and support the schooling of her grandchildren.

In this regard, she planned to continue and improve her business to generate a higher income. Because of inadequate capital, she is asking for a loan of PHP 35,000 to buy scissors and cosmetics needed in her beauty salon. Through this loan, she believes that she can provide a better service to all her customers.

She is hoping that someday, she will make the business grow and become more profitable.

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
  • 1131
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Gloria to buy scissors and cosmetics needed in her beauty salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013