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Melanie
Melanie has offered different kinds of bags, wallets and belts since 2010. Her first business location was within the public market of Santiago, but now she has transferred to the Public Market of Cordon because her business location burned down. According to her, it's really hard to start all over again but it would be more difficult to totally stop running her retail business.

Melanie would like to ask for additional capital of 10,000 PHP to allow her to re-stock her stall. She will use to purchase traveling bags, sling bags, backpacks and some wallets and belts for her retail stall. She hopes to obtain this loan amount so she can recover from her big losses and be able to provide her family basic necessities. Malanie believes that success relies on hard work and wise management of business. She's doing her best to succeed both with her family and her 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
  • 445
    View loans »
    Philippines Loans Fundraising
  • $50,987,450
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Melanie to purchase traveling bags, sling bags, backpacks and some wallets and belts for her retail stall.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013