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Maria
Due to hardships in living, Maria buys and sells charcoal and frozen foods in her community to earn additional income. She is 56 years old and has three adult-age children. She aims to strengthen the business and make it profitable in order to generate sufficient income. Due to inadequate capital, she is asking for a loan of 10,000 Philippine pesos to buy additional stock of charcoal and frozen foods to sell. She believes that this loan will enable her to make more improvements in the business, and she is hoping that she will become financially stable in the future.

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
  • 366
    View loans »
    Philippines Loans Fundraising
  • $50,854,850
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Maria to buy additional stock of charcoal and frozen foods to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 27, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013