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Mely
Mely is 62 years old. At her age, Mely still works in a retailing business to earn income. From this business, she is able to earn about 500 PHP (Philippines pesos) a day. She is grateful that her income allows her to help sustain the daily needs of her family. She dreams of lifting her family from poverty, which is why she works hard at her retailing business.

She is requesting a loan of PHP 28,000 to buy grocery items for her sari-sari store. Mely also hopes to grow her business to secure her family's living conditions.

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
  • 1230
    View loans »
    Philippines Loans Fundraising
  • $57,784,900
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mely to buy grocery items for her sari-sari (variety) store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013