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Emerita patiently manages a village store for ten years. Her family is also engaged in livestock and farming as their alternative source of income. She wanted to avail a loan amounting to PHP14, 000 for the maintenance of her businesses so that she could generate higher income. Having the amount will enable her to buy stock of merchandise to retail in her store and feeds supply for her livestock business. However, her farming is being maintained through her generated income from her store. She believes that hard works is the key to success.

Emerita is already a widow and she was left with her son named Norman. She solely manages their family and she is quite sad because she was not able to provide a good education for her son. At the moment, her son makes an earning out from his tricycle transport business.

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
  • 488
    View loans »
    Philippines Loans Fundraising
  • $69,648,700
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Emerita additional Capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 25, 2009
Sep 22, 2009
Currency Exchange Loss:
Feb 15, 2010