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Virginia
Virginia is a 45-year-old mother who has two school-age children. Currently, she is a single parent as she is separated from her husband due to family problem and conflicts. Despite this, she has the determination to uplift her status of living to give her children a better life. She is engaged in buying and selling used clothes in their community to generate additional income.

Virginia planned to acquire more stocks of used clothes to sell but she has inadequate capital. In this regard, she is asking for a loan of P 20,000 to buy additional stocks. Through this loan, she believes that she will improve the business and make it a viable source of income.

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
  • 1120
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Virginia to buy more stocks of used clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 6, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013