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Elena
Elena and her retail business are doing well. She has had a convenience store for five years. She earns about PHP 300 a day. Elena is a widow. She works hard to raise her children.

Elena wants to re-stock her sari-sari (convenience) store, but she lacks the necessary capital. For this reason, she is taking out this loan amounting to PHP 40,000 to buy grocery items such as canned goods, beverages, detergent soap and condiments to sell. She hopes that she can obtain her desired loan to improve 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
  • 1449
    View loans »
    Philippines Loans Fundraising
  • $59,251,750
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Elena to buy grocery items such as canned goods, beverages, detergent soap and condiments to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013