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Melanie
Melanie, 30 years of age, is married and blessed with two children. She's into a food vending business, specifically selling native cakes and bananas in their village. She's been in this business for one year and earns a net income of PHP 300 a day. Due to insufficient funds, she would like to take a loan of PHP 8,000 to purchase more bananas and more raw ingredients to make native cakes to sell in their village. She's hoping that her requested loan will be granted so that she can improve and expand her business to earn more income.

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
  • 1496
    View loans »
    Philippines Loans Fundraising
  • $59,200,750
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Melanie to purchase more bananas and more raw ingredients.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2015