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Edna
Edna is an entrepreneur who raises her family by vending vegetables and also cooking food for snacks. In this way, she manages to generate a net income of about PHP 5,000 each month. The majority of this was used as revolving capital in the business and some amount for the sustenance of her family daily meals.

Edna would like to improve her sales. This is the reason why she is asking for a loan of PHP 30,000 to buy rice, cabbages, tomatoes and eggplant to sell. This will help increase her sales and someday, she aims to develop a more profitable business.

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
  • 1476
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Edna to buy rice to retail, cabbages, tomatoes and eggplant to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 23, 2014