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Lolita
Lolita is a helpful mother of three children. Through her direct selling business, Lolita successfully gave her children their education. Her business is located in their municipal public market. Lolita’s husband operates their tricycle for passengers’ transportation. Lolita is asking for a loan of P20,000 to purchase cosmetics, shirts, pants, and other ready-to-wear products to sell. She needs to stock more items to respond immediately to her customers’ unexpected orders. Lolita wishes to extend the products she sells and earn a higher income which will enable her to support and help her grandchildren.

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
  • 1237
    View loans »
    Philippines Loans Fundraising
  • $57,816,050
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Lolita to purchase cosmetics, shirts, pants, and other ready-to-wear products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014