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Mina
Mina has been engaged in the food production and sales business for five years. Her spouse is an Overseas Filipino Worker. The couple were blessed with two children. Despite her situation as temporary single parent, she is still able to manage her business and family well. This time, she wants to increase the kilograms of frozen foods and fish she offers within her locality during the harvest season, but she struggles with a shortage of capital. With regards to this situation, she is requesting a loan of PHP40,000. She believes that this amount of loan will help her in fulfilling her dreams in life, most especially in improving her business.

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
  • 1518
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mina to buy stocks of frozen foods such as longanisa (sausage), tocino (sweetened cured pork), and additional kilograms of fish for her food production sales business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013