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Aileen
Aileen is 34 years old and has a sari-sari (general) store. She has had her business for four years. It is located in front of her house and offers sugar, coffee, vinegar, soy sauce and detergent soap for sale. Her husband works as an OFW (Overseas Filipino Worker). They are helping each other to increase the quality of their living conditions, as well as preparing for the future for their only child. Aileen doesn’t want her child to not finish education like her. For her to achieve her dream, she decided to request a loan of 20,000 pesos to purchase additional merchandise for resale, such as cooking oil, snacks, candies, soft drinks and bread, for her store to be able to offer its customers an improved variety of items.

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
  • 458
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Aileen to purchase additional merchandise for resale, such as cooking oil, snacks, candies, soft drinks and bread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013