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Loreta
Being a responsible mother, Loreta helps her husband generate income. She is now 40 years old and has two school-age children. Loreta owns and manages a small variety store while her husband cultivates their farmland. She plans to improve more of her business in order to earn a higher income. But due to a shortage of capital, she is requesting a loan of PHP10,000. She will use this loan to buy more stocks of canned goods, seasonings, noodles, snack foods, beverages and seasonings to sell. Through patience and hard work, she will make her business profitable in the future.

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
  • 338
    View loans »
    Philippines Loans Fundraising
  • $52,172,975
    Funds lent in using Kiva
  • 44.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Loreta to buy more canned goods, seasonings, noodles, snack foods, beverages and seasonings to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2014
Listed
Feb 11, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014