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Madel
Madel is 27 years old and is a very friendly and helpful woman. She currently has a cellphone shop in her village. Over the two years of operating this occupation, their underprivileged lifestyle was improved. She started doing such a business as she began to have her own family and she didn't want her family to experience difficulties in living. This causes her to become a hard worker and fascinated in operating a business to avoid an awful life.

She wants to make high profits so, for this reason, she is requesting a loan of 16,000 PHP to buy new models of cellphones as her customers requested. She believes that providing for customer demand will increase her income. Madel hopes for her loan to be granted.

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
  • 376
    View loans »
    Philippines Loans Fundraising
  • $50,745,300
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Madel to buy new models of cellphones as her customers requested.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Feb 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013