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Sherwin
Sherwin is 31 years of age, married and has only one child. Due to the lack of job opportunities, he has set up a computer shop near the school campus. He has been operating this business for almost two years and usually earns a profit of P6,000.00 a month that he utilizes for his family's daily necessities.

He aims to improve the business and make it more profitable. Due to inadequate capital, he is asking for an additional loan of P35,000.00 to buy additional computers for rental use. In the future, he is hoping that the business will grow and become more profitable.

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
  • 465
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Sherwin to buy additional computers for rental use.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013