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Rose Shely
Rose Shely is a 27-year-old hard-working businesswoman. She is recognized as a paint dealer in the town of Alicia; she has been in business for more than a year. She earns a net income of PHP 7,000 each week, and she uses it to provide some of their needs and bank savings; most of it was rolled into the business.

Rose Shely wanted to have stock of goods to sell in her business stall, thus is requesting a loan of PHP 50,000 to buy more paint, paint brushes, and hardware products. A part of it will be used in the physical improvement of her current business stall.

She hopes that in every step in managing the business, she will able to succeed with every offered opportunity. Furthermore, she is looking forward to the expansion of her business. Rose Shely is happy that somehow, she can then provide employment to others in her very simple way.

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
  • 336
    View loans »
    Philippines Loans Fundraising
  • $52,130,550
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Rose Shely to buy more paint, paint brushes and hardware products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 23, 2014