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Minerva
Minerva runs a retail stall where she offers tobacco, betel nuts and betel leaf for sale. She has been engaged in this kind of business for four years.Every day, she wakes up early in the morning to prepare her family's needs, after which she goes immediately to her stall to display the products she offers.

Minerva planned to buy stocks of tobacco, betel leaf and ten cans of betel nuts but due to the expensive cost of betel nuts, she decided to request a loan of PHP 13,000. She hopes to get this loan amount so she can earn higher income which will serve for her family's basic necessities, improvement of their lifestyle, and the education of her two children.

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
  • 267
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Minerva to buy ten cans of betel nuts, betel leaf and tobacco for her specialized retail stall.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013