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Jenna
To make a living, Jenna has operated a general store for almost three years now. Her net profit is about PHP 300 per day which she wants to increase.

This causes her to borrow a loan amounting PHP 14,000 as added capital to buy stocks for retail. She would purchase groceries for her store, like canned goods, biscuits, soft drinks, sugar, soap and spices. She also wants to sell electronic load and is hoping to do so with her requested loan. This would allow her to increase income to secure her family’s necessities.

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
  • 996
    View loans »
    Philippines Loans Fundraising
  • $54,447,850
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Jenna to purchase groceries for her store, like canned goods, biscuits, soft drinks, sugar, soap, and spices.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014