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Virginia is a retail store owner who lives at Gosi with her spouse and child. She had been selling grocery items to the people in her village. She usually earns about P 7,000 each month and uses it for the family's sustenance, for meals and bills at home. She would like to increase her sales and income as well and that is why she is asking for a loan of P 8,000 to invest in buying more merchandise to sell. She will buy sardines, eggs, bread, coffee and sugar to sell in her store.

Virginia will continously extend good products and services to all her customers in order to increase profits and save funds for her family's future expenses.

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
  • 331
    View loans »
    Philippines Loans Fundraising
  • $65,925,350
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Virginia to buy sardines, eggs, bread, coffee and sugar to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 15, 2013
Feb 19, 2013
Currency Exchange Loss:
Aug 23, 2013