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Elvira
As a way of generating income, Elvira runs a small variety store within her community. She aims to improve her store and make it profitable in order to help her husband in financing the education of her two youngest children.

Elvira wants to acquire more stocks of grocery items to sell, but she has inadequate capital. In this regard, she is requesting a loan of PHP 7,000 to buy soft drinks, frozen foods, assorted candies, laundry soap, canned goods, noodles, food seasonings, and beverages to sell. She believes that, someday, she will make the business more profitable through this financial assistance.

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
  • 1337
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Elvira to buy soft drinks, frozen foods, assorted candies, laundry soap, canned goods, noodles, food seasonings, and beverages to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014