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Lynn
Lynn is a college graduate. She is married and has one child. She has been engaged in a direct selling business for one year and earns about 5,000 PHP per month. She uses her profits for their daily necessities and other obligations. Aside from the direct selling business, she also engaged herself in the vending of street foods as her additional source of income.


Lynn plans to buy silver accessories and stock cosmetic products for her direct selling business, but she struggles due to a shortage of capital. In this regard, she is requesting a loan of 10,000 PHP. She hopes to obtain this loan amount to keep her direct selling business more profitable and productive.

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
  • 280
    View loans »
    Philippines Loans Fundraising
  • $52,849,775
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Lynn to buy silver accessories and stock cosmetic products for her direct selling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013