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Edelyn
Edelyn is now 31 years old and has two infant-age children. She runs a small variety store in the village, while her husband cultivates their farmland.

Due to financial constraints, Edelyn aimed to strengthen the business to generate sufficient income. She planned to increase her product offerings, but she has limited capital. For this reason, she is asking for an additional loan of PHP 15,000 to buy additional stocks of snack foods, candies, canned goods, noodles, soaps, beverages, seasonings and soft drinks to sell.

Despite competitors in the area, Edelyn has the determination to improve the business through patience and hard work.

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
  • 1433
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Edelyn to buy additional stocks of snack foods, candies, canned goods, noodles, soaps, beverages, seasonings and soft drinks to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013