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Lorena
Lorena lives in Alimanao with her child. She has been a widow for about six years. She carries the burden alone to provide for her child. Her child is still in school and Lorena wants to keep providing a good education to her as her legacy. She sells grocery items to the people in her village. Lorena is asking for additional capital to increase her merchandise. With her loan, she will buy canned goods, eggs, bread and soft drinks to sell. She hopes to keep maintaining good sales from her business to provide for needs of her family and achieve a better life someday.

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
  • 1383
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Lorena to buy more grocery items such as canned goods, eggs, bread and soft drinks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013