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Nena
Nena is the operator of a motorcycle transportation business. It's been four years and three months since she began her business. Nena has also engaged in direct selling and the farming business. She is married to an Overseas Filipino Worker (OFW) and has been blessed with three children. Nena would like to help her husband in generating funds. That's the reason why she patiently manage her businesses in order to generate additional income.

Nena aims to have a better way of life, educate her three children and have a stable source of income. To make all these things realistic, she is asking for additional capital amounting to PHP17,000. This loan amount will allow her to renew the registration of her motorcycle and some amount will be used in buying sprockets to avoid any trouble in transporting passengers. She hopes to get this loan amount in order to maintain the safety of her passengers and gain a better income. Nena is looking forward to approval of her requested loan amount.

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
  • 1433
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Nena to be used in renewing the registration of her motorcycle and in buying sprockets for her transportation business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 22, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013