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Fely
Fely, 57 years of age, is married to a welder, and they are blessed with six children. She has owned and operated a retail store for almost twelve years. She earns a net income of Php 5,000 every month. Fely also manages a beauty parlor and a welding shop for additional sources of income. She requested a loan amounting to Php 15,000 to purchase biscuits, canned goods, candies, noodles, and beverages to sell in her variety store. According to Fely, her profits are usually spent in their daily expenditures.

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
  • 1015
    View loans »
    Philippines Loans Fundraising
  • $54,447,850
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Fely to purchase biscuits, canned goods, candies, noodles, and beverages.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013