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Magielyn
According to Magielyn, she has to prioritize for the future of her children. Her husband is Mario V. and together with their children, her family happily lives in Barangay Bonfal Proper, Bayombong, Nueva Vizcaya. She makes a lot of sacrifices to support the studies of their children to give them a better future someday. Despite their financial difficulties in life, they still have the desire to give their children the best education possible.


Furniture making is a popular source of income in the village. Her husband used to work a local business making tables, chairs, cabinets and even sala set. This gave them the idea to open up their own furniture business. Because they lack financial capital to expand their business, Magielyn is seeking the assistance of KIVA lenders.


She is requesting a loan of PHP 20,000 for their business. Magielyn hopes to purchase more furniture materials and wood needed for the continuous operation of their business.

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
  • 1156
    View loans »
    Philippines Loans Fundraising
  • $54,862,550
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Magielyn business Capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2009
Listed
Jun 3, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009