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Nerita
Nerita is 32 years old, married, and has two school-aged children. She runs a small variety store in her community to help her husband in generating income for their family. She and her husband aim to improve their standard of living and to educate their children and give them a bright future.

To improve her business, Nerita planned to increase her product offerings to satisfy her customers' demand. Due to inadequate capital, she is asking for a loan of PHP 40,000 to buy additional stock of soft drinks, junk foods, beverages, seasonings, and vegetables for resale. Despite difficulties in life, Nerita has the determination to improve her business. She is hoping that her patience and sacrifices will bear fruit someday.

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
  • 1040
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nerita to buy additional stock of soft drinks, junk foods, beverages, seasonings, and vegetables for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013