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Elizabeth
Elizabeth is 38 years old and has three school-age children. She and her husband aim to improve their status of living, to educate their children, and to give them a bright future. In this regard, Elizabeth engages in selling AVON, Natasha and MSE products in their community. She has been in this business for almost two years and usually earns a profit of 6,000 PHP per month. This is used for their daily expenses and school allowances. Due to the high cost of school fees and commodities she needs to increase her income. Elizabeth is asking for the additional capital of 15,000 (PHP) to improve her business. She intended to use the loan to buy additional stock to sell (AVON, Natasha, MSE). She is hoping that someday she will make her business viable and a profitable source of income.

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
  • 973
    View loans »
    Philippines Loans Fundraising
  • $54,528,050
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Elizabeth to buy AVON, Natasha, and MSE products for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013