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Margarita operates a general store in Lamo Dupax del Norte, Nueva Vizcaya. She is happily married to Bernard V. but unfortunately, they have not been blessed with their own child. That’s why they decided to adopt Sherwin, who is 18 years old. He is in high school. Margarita hopes for the best for Sherwin and treats him as her own child. Margarita requests a loan of PHP10, 000 from KIVA lenders to develop her store. Margarita says “success could be more fulfilling if she makes the best out of life's difficulties.”

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
  • 710
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 48.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Margarita business Capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 22, 2009
Jun 22, 2009
Currency Exchange Loss:
Dec 15, 2009