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Gloria
Gloria is a mother who aimed to become successful in life. She is 49 years old and was blessed with three children. She owns and manages a variety store in their community to generate income. She has been in the business for almost 10 years and usually earns a profit of only PHP 7,000 a month which she utilizes for their daily consumption and to save some for their future.

She aims to increase her product offerings in order to satisfy all her customers' demands. Gloria is asking for additional capital of PHP 12,000 to buy soft drinks, biscuits, junk foods, candies, mineral waters, beverages, canned goods and seasonings to sell. Through her patience and sacrifices, she believes that she will continue to make an improvement in the business.

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
  • 1541
    View loans »
    Philippines Loans Fundraising
  • $56,672,675
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Gloria to buy soft drinks, biscuits, junk foods, candies, mineral waters, beverages, canned goods and seasonings to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013