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Elvie is 35 years old, married, and blessed with three children. She is a banana vendor and has been in operation for almost 2 years. With this, she's earning a net income of PHP 2,000 a week. Due to insufficient capital, Elvie decided to avail a loan amounting to PHP 12,000 to purchase more bananas to sell. She hopes that her business will improve so she can earn more profit.

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
  • 1938
    View loans »
    Philippines Loans Fundraising
  • $61,097,225
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Elvie to purchase more bananas to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 9, 2013
Jul 15, 2013
Currency Exchange Loss:
Aug 23, 2013