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Nenita
Nenita is 50 years of age. She is widowed and has one child. Despite her situation as a single parent, she is still able to cover all their household expenses. Nenita dreams of having a viable source of income and a better way of life.

Nenita sells rice in the market. She has been running her rice retailing business for more than 14 years. Nenita wants to increase her profits, so she is asking for a loan of 30,000 Philippine Pesos (PHP), which will allow her to buy more rice to be sold. She hopes and prays that her requested loan amount will be granted so she can earn greater income, which will enable her to improve her way of life and become a successful entrepreneur someday.

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
  • 334
    View loans »
    Philippines Loans Fundraising
  • $52,172,975
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Nenita to buy more rice to be sold.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013