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Clarita
"Having a husband abroad doesn’t mean you are financially stable," Clarita says. She is 39 years old, married, and has one child attending school.

With her determination to help her husband in meeting their needs, Clarita engages herself in a retailing business. She is selling drinks, bread, spices, eggs, and noodles in her sari-sari store. Clarita wants to extend the items she sells and be able to increase her income, as well.

Clarita wants to borrow a loan, amounting to PHP 20,000, to buy toothpaste, soap, shampoo, and conditioner to sell. She hopes that her business will grow, so that, someday, her sari-sari store becomes a grocery store.

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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $50,678,025
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Clarita to buy toothpaste, soap, shampoo, and conditioner to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014