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Carmelita is a determined individual, who aims to become successful someday. She is 41 years old and has one child. She earns a living by selling dry goods, accessories and school supplies. She has been in this business for over 15 years and is happy to say that she earns about PHP 10,000 monthly. This is with the help of a man beside her, her husband. Through their patience and hard work, they have been able to support their needs.

She is applying for a loan for PHP 50,000 to buy additional dry goods to sell such as plastic ware, school supplies and accessories. She believes that this loan will help her increase her profits, expand her business and provide for the needs of her family.

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
  • 356
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Carmelita to buy additional dry goods to sell such as plastic ware, school supplies and accessories.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Oct 8, 2012
Currency Exchange Loss:
Apr 22, 2013