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Rosemarie
Through patience and hard work, Rosemarie believes that she will achieve her goals in the future. She is 43 years old and has three school-age children. Due to the high cost of school fees, she aims to improve her variety store in order to increase her income and continuously support the education of her children. Due to financial constraints, she is asking for additional capital of 20,000 Philippines pesos to buy flour, rice, sugar, oils, beverages, canned goods, noodles, snack foods and soft drinks to sell. She is hoping that someday, she will improve the business and make it 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
  • 845
    View loans »
    Philippines Loans Fundraising
  • $54,407,150
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Rosemarie to buy flour, rice, sugar, oils, beverages, canned goods, noodles, snack foods and soft drinks to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013