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Mercedes
Mercedes is a hard-working mother who is into the hog-raising business to generate additional income. She is 35 years old and blessed with five children.

They are currently residing in a rural community and make their living through farming. She and her husband aim to continue sending their children to school so that they will become professionals in the future.

Her eldest child is now in tertiary education while the others are still at the elementary and secondary levels. Due to insufficient income, they could not afford to finance all the school fees for their children. For this reason, Mercedes would like to access an educational loan of PHP 10,000.00 from Kiva lenders through ASKI to pay the tuition fee and miscellaneous fees of her daughter who is taking AB English at Nueva Vizcaya State University.

Mercedes is hoping that she will receive her requested loan to provide the necessities of her daughter.

Additional Information

More information about this loan

This loan is part of ASKI’s effort to provide capital for low-income students to access higher education. ASKI has designed two loan products intended to fulfill different needs. This loan product covers tuition fees and allowances for an entire educational program. The repayment term for the latter loans will typically be longer – up to 8 years. Students begin repaying their loans once they graduate. 
 
By funding this loan, you are giving students access to higher education under flexible terms that will fit their needs.

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.

Tags

About Philippines

  • $1175
    Average annual income
  • 726
    View loans »
    Philippines Loans Fundraising
  • $53,378,125
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Mercedes to pay the tuition fee and miscellaneous fees for her daughter.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2014
Listed
Jul 12, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014