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Memia is engaged in a direct-sales business. She has been in this kind of business for five years. She would like to increase her stock of shoes, blouses, and cosmetics because she has many orders that she has been unable to fulfill due to insufficient funds. She is requesting a loan of 15,000 Philippine Pesos (PHP). She knows that with this loan she can satisfy her customers and make sure she has the requested products. This loan will be used to buy stock of blouses, cosmetic products, and shoes for her direct-selling business. Memia hopes and prays that her loan will be granted and she is able to get ahead in life and improve her financial stability.

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
  • 684
    View loans »
    Philippines Loans Fundraising
  • $63,141,900
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Memia to buy stock of blouses, cosmetic products, and shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 15, 2013
Mar 21, 2013
Currency Exchange Loss:
Apr 22, 2013