Funded

Total loan: $775
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Rosario


A loan of $775 helped to purchase the inventories of foodstuffs for her sari-sari (variety) store.


Rosario's story

Rosario T. has provided for her family by operating a sari-sari (variety) store for more than 12 years. Sari-sari stores basically sell small quantities of various foodstuffs, grocery items and beverages. “Sari” is a native word for variety. This is a small store that is either attached to the owner’s house or in a small native cottage not far away from the owner’s house. Such stores are convenient for people in the village who live far from the market place. The profit from this business has been the main source of family income. Now that Rosario has secured access to working capital, her profit is better than before. Rosario is now requesting another ASHI loan through Kiva for 35,000 PHP to purchase additional inventories of foodstuffs for her store. This will allow her to grow her business further so that she can support the educational needs of her six children until they complete college.

Rosario is hopeful that her sari-sari (variety) store will generate steady profits to improve her financial stability and give a better life for her family in a decent way. Rosario’s biggest dreams are to manage a full-fledged mini-grocery store someday and ensure the happiness of her family. She believes this opportunity will give her the confidence to succeed while helping her family rise out of poverty. The financial opportunity of her store is one of the best ways to help provide for her family and lift it out of poverty.



Loan details

Loan length:

25 months
Disbursed date: July 22, 2010
Facilitated by Field Partner: Ahon sa Hirap, Inc. (ASHI)

Lenders and lending teams



Loan details

Loan length:

25 months
Disbursed date: July 22, 2010
Facilitated by Field Partner: Ahon sa Hirap, Inc. (ASHI)