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Elizabeth
Elizabeth, 50 years old, is married to a private employee and has been blessed with four children. She owns and operates a retail store in their village. She's been in this business for only three months. From this business her net income is PHP 6,000 a month. She would like to take a loan amounting to PHP 15,000 to purchase items to resell, such as noodles, biscuits, canned goods, and beverages. She's hoping that her requested loan will be granted, so that her store will expand and, moreover, she will have a lot 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

  • $7,000
    Average annual income
  • 1443
    View loans »
    Philippines Loans Fundraising
  • $59,139,875
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Elizabeth to purchase general store inventory items, like noodles, biscuits, canned goods, and beverages.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013