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Martina
Martina sells goods in the village of Marcos, Roxas, Isabela. She is married to Ricardo; they were blessed with three children, all of whom are married. Her income from her store really helps meet the needs of her grandchildren. She wants her business to make more of a profit so that she can continue to help her grandchildren.

Consequently, she wants to borrow PHP 10,000. It would serve as additional capital for her "sari-sari" (variety) store. Martina plans to buy additional goods for her store with the money. She is also planning to buy vegetables that she can sell in their village and thus have an additional source of income.

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
  • 1443
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Martina purchasing more goods for her store and starting a new business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2009
Listed
Oct 24, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010