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Merlita is 25 years old and is living in Casibarag with her family. She has owned and operated a village store for five years and earns PHP 250 average gross profit each day. To have additional income, she is requesting a loan which will serve as additional capital for her business to cater more product offerings like oil, spices, canned goods, noodles, coffee, sugar and more to sell. For her, doing all this will help her ensure the future for her family.

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
  • 706
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Merlita buy stocks for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 27, 2013
Sep 20, 2013
Currency Exchange Loss:
Feb 19, 2014