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Marjorie A. really values education; thus she is working hard in order to give her daughter a good quality education. She knows that with an education her child will be able to have a fruitful future. Marjorie has operated a general store for many years now. It is situated at their house at Research Minante 1, Cauayan, Isabela. Aside from her store, Melchor, her husband, manages a small poultry operation for their other source of income.

With her desire to give her daughter a good life, Marjorie decided to take out a loan of 25,000 PHP from Kiva. The loan will be used as additional capital for her store. Furthermore, she can save part of the loan for the education of her child, for she is now a high-school student.

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
  • 718
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Marjorie business capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 10, 2009
Jul 8, 2009
Currency Exchange Loss:
Dec 15, 2009