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Mercy
Mercy is an industrious and hard working woman. She is married and has five children. She is thankful for her previous loan because it had a great impact in making her business more profitable. Mercy has run her retail store for 11 years.

Mercy wants to re-stock her retail store but her capital is not sufficient due to her increased household expenditures. For this reason, she is asking for more capital in the amount of 10,000 PHP. She will use this loan amount to buy grocery items such as soft drinks, baked bread, assorted biscuits, ingredients and instant noodles. Mercy believes that through the loan amount she requested, she will be able to increase her sales and profits.

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
  • 1095
    View loans »
    Philippines Loans Fundraising
  • $54,704,675
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Mercy to buy grocery items such as soft drinks, baked bread, assorted biscuits, ingredients and instant noodles for her variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013