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Marinelle
Marinelle B. is from the town of Lallo, Cagayan. She is 24 years old. Marinelle is married and has one infant child. To make a living, Marinelle owns and operates a general store where she sells a variety of different products to the local community.


Marinelle joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marinelle is requesting a new loan of 12000 PHP which will be used to invest in expanding the business. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.


About ASKI:


ASKI is one of pioneer micro-finance institutions in the Philippines committed to serving the needy in Central and Northern Luzon through socio-economic development and holistic transformation.


*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 1402
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 47.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Marinelle to invest in expanding the business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2009
Listed
May 19, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009