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Mercedes
Mercedes was 18 years of age when she started working as a manicurist within her local community. She is widowed and blessed with five children. Four of her children had settled for marriage while the other child is her companion in her home service manicurist and beautician business.

Mercedes aims to have her own beauty salon within the market of Cordon. So for now, she's doing her very best in order to earn greater income and to satisfy her customers' demands. In this way, she could encourage more customers.

This time, Mercedes wants to buy a new blower, an iron for hair, and necessary chemicals for hair re-bonding and cold wave, but she doesn't have enough capital. Therefore, she is seeking additional capital, amounting to PHP 22,000. She hopes to obtain this amount of loan, so she could sustain her family's basic needs and save some for emergency purposes.

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
  • 375
    View loans »
    Philippines Loans Fundraising
  • $50,745,300
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Mercedes to purchase a new blower, an iron for hair, and chemicals for hair re-bonding and cold wave, which will be used for her beauty salon business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 5, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014