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Rowenalyn
Due to a lack of job opportunities, Rowenalyn runs a small variety store in her village to generate income. She is 23 years old and still single. She aimed to help her parents to improve their status of living and educate her younger brother and sister. For this reason, she planned to improve her variety store to generate a higher income.

She is asking for loan capital of PHP 12,000, which she will use to buy more stock to sell in her store, like soft drinks, canned goods, beverages, noodles, and seasonings. She is hoping that someday, she will improve her business even more through this financial assistance.

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
  • 354
    View loans »
    Philippines Loans Fundraising
  • $50,755,825
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Rowenalyn to buy more stock to sell, of items like soft drinks, canned goods, beverages, noodles, seasonings, snack foods, dried fish and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013