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Nenita
Nenita is 51 years old and is married with three children. To make a living, Nenita is engaged in a retailing business. She has been in this business for five years. She usually earns about a minimum of PHP 450 a day.

Nenita wants to expand and re-stock her sari-sari store but she lacks the necessary capital. For that purpose, Nenita is asking for a loan in the amount of PHP 50,000 to purchase grocery items such as canned goods, noodles, beverages and condiments to sell. Nenita hopes to grow her business.

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
  • 1312
    View loans »
    Philippines Loans Fundraising
  • $57,946,175
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Nenita restock her store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014