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Lorly
Due to lack of job opportunities, Lorly engages in a business to help her husband in generating income for their family. She runs a small variety store in their community, selling different grocery items, soft drinks and frozen foods.

She aims to make the business viable and profitable in order to earn sufficient income to satisfy their necessities and finance the education of her child. She and her husband are aiming for a happy and successful life in order to give their child a better life.

To achieve their goals, Lorly aims to improve her variety store and to generate a higher income. She is requesting additional capital of PHP 40,000 to buy additional stocks of soft drinks, beverages, seasonings, soaps, junk foods, canned goods, seasonings and frozen foods for sale.

Lorly believes that this financial support will enable her to improve the business. She hopes that she will achieve her goals 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

  • $1175
    Average annual income
  • 1008
    View loans »
    Philippines Loans Fundraising
  • $54,447,850
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lorly to buy additional stocks of soft drinks, beverages, seasonings, soaps, junk foods, canned goods, seasonings and frozen foods for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013