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Marites
Marites is a resident of Purok (district) Namnama Magsaysay, Naguillan, Isabela. She is 43 years old and is married to a farmer named Victor Rossel. They are blessed with three children; Marjorie, the eldest, is 20 years old and presently studying in college, Jenny Rose is 18 years old and is also studying in college, finally Victor M. Jr., is 16 years old and will graduate from high school next year. As a mother who dreams of all of her children finishing their studies, Marites will do everything to provide for their needs. Their studies are her priority, and she is willing to sacrifice to reach their goals in life, for she believes their goals are also her goals and that their success someday will also be her success.



Marites sells snacks she cooks, like “pansit,” out of her snack house in her village. Sometimes, she also sells house to house and fortunately she is generating an income sufficient to sustain their daily needs. She is again hoping for a loan of PHP 5,000. This little amount will provide the capital she needs in her business. Marites hopes that she will manage to continuously support the financial needs of her two children who are studying in college. Their tuition fees are very high and she is really working hard just to pay their tuition fees and provide them their daily allowances. Through patience, Marites believe, she will overcome the hardship of life.

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

  • $1175
    Average annual income
  • 343
    View loans »
    Philippines Loans Fundraising
  • $50,773,375
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Marites business Capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2009
Listed
May 23, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009