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Nicetas
Nicetas dreams of lifting her family out of poverty. She is 53 years old. She operates a small store in front of their house where she sells a variety of products. Sometimes she also sells cooked food. She has been in this business for 3 years and usually earns 300 PHP a day which is used for food and allowances. Nicetas business needs additional products to sell in order to increase profits. Therefore, she is now asking for a loan of 15,000 PHP to buy canned goods, noodles, bread, sugar, coffee and beverages.

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
  • 1231
    View loans »
    Philippines Loans Fundraising
  • $57,817,975
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Nicetas to buy canned goods, noodles, bread, sugar, coffee and beverages.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013