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Nida is 30 years old, single, and a college graduate, but she has not been fortunate to find better sources of income like a white collar job due to the current employment crisis. So instead of suffering from the difficulty of life, she has built her own business. She is now earning income from buying and selling rice. She has been in this business five years and is slowly reaching progress. To continue this operation, she is asking for a loan amount P13,000 to buy rice as an additional goods to sell. She hopes with the help of this loan she will be able to earn a higher income to improve her underprivileged living.

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
  • 405
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Nida to buy rice as an additional good to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 21, 2011
Dec 1, 2011
Currency Exchange Loss:
May 21, 2012