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Gerilyn
Gerilyn aims to improve her variety store to increase her income; that is why she is requesting a loan of PHP5,000 and will buy additional stocks of soft drinks, canned goods, snack foods, beverages, vegetables and frozen foods to sell. She is hoping that her loan request will be granted to further improve her operation of the business.

She is 32 years old and has three school-age children. Together with her husband, they aim to improve their status of living to give education to their children and uplift their living status. Despite the problems and difficulties that her family encountered in life, still they have the determination to achieve all their goals in life someday.

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
  • 1460
    View loans »
    Philippines Loans Fundraising
  • $59,251,750
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Gerilyn to buy additional stocks of soft drinks, canned goods, snack foods, beverages, vegetables and frozen foods to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2013