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Loreta
Loreta, 44 years old, married, and the mother of four, is from the village of Villa Domingo where she generates income through her sari-sari store. In business for two years, she earns a minimum of PHP 250 a day.



Loreta is now reqeusting a loan of PHP 30,000 to buy grocery items such as canned goods, noodles, assorted bread, biscuits and other kitchen ingredients to sell. She believes the loan will help increase her income to sustain the needs of her family.

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
  • 590
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Loreta to buy grocery items such as canned goods, noodles, assorted bread, biscuits and other kitchen ingredients to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013