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Ma.leonora Theresa
Margaret Leonora Theresa, age 42, runs a general store business to earn an income. She and her husband live happily in a rural community with their three children.

Due to financial hardship, she aims to improve her general store in order to generate sufficient income to help her husband in financing the education of the children. She plans to increase her product offerings in order to satisfy her customers' demand. As she currently has inadequate capital for this investment, she is requesting a loan in the amount of PhP 10,000. She will use her loan funds buy more stocks of rice, grocery items, charcoal, and pre-paid phone cards to offer for sale.

Margaret Leonora Theresa is confident that she will be able to improve her business through this financial assistance.

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
  • 363
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ma.leonora Theresa to buy rice, grocery items, charcoal, and pre-paid phone cards to offer for sale in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013