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Hermetes
Hermetes manages a talipapa (fruit and vegetable stall) in her village that allows her to provide for her family's living expenses. She buy fruits and vegetables at the market and re-sells them in her village. She has been in this business for eight years, and earns about 6,000 PHP each month.

Hermetes is asking for a loan of 10,000 PHP to buy carrots, bananas, cabbages, eggplant, and onions to sell.

Selling more merchandise will help increase her profits, which will improve the welfare 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

  • $7,000
    Average annual income
  • 1635
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Hermetes to buy carrots, bananas, cabbages, eggplant, and onions to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013