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Shella
Shella finished her college education, but prefers to run a business. Shella is renting a stall in the market where she manages a kitchen ware business. She is married and has school aged children. Her husband helps her in managing the business. They usually sell glasses, kettles, spoons and forks.
Shella needs additional capital to buy stock for her business. This month, the month of harvesting rice and corn is a high traffic season for her business. Shella is requesting a loan of PHP 48,000 to buy pails, laundry baskets, and plates. She hopes to sell more items, earn a higher income and be able to provide for her family’s needs.

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
  • 971
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Shella to buy pails, laundry baskets, and plates.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013