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Florence
Florence is 29 years old, and is married with three children. She has a small store within their house, where she sells canned goods, noodles, spices, vinegars and cooking oil. Working in the store has helped her family earn a consistent income.

Now, Florence is applying for a loan of PHP 25,000 to purchase sugar, coffee, bath soap, soy sauce, salt and soft drinks so that she can bring in more products as well as to have greater income.

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
  • 1520
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Florence to purchase sugar, coffee, bath soap, soy sauce, salt and soft drinks to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 6, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014