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Merly
Merly, 46 years old, is married to a truck driver. To make a living she has managed a vegetable production business in their town for almost one year. In this business she's earning a net income of 3,000 PHP a month. She would like to avail a loan in the amount of 15,000 PHP to purchase fertilizers and seedlings for her vegetable production business. She's hoping that her requested loan will be granted so that she can utilize her loan in her business to gain more income.

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
  • 972
    View loans »
    Philippines Loans Fundraising
  • $54,456,775
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Merly to purchase fertilizers and seedlings for her vegetable production business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 13, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013