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Maria Monica
Maria Monica, fondly named “ Bing”, is 33 years old and still single. She lives happily with her parents at Brgy. Bangar, Solano, Nueva Vizcaya. With the help of her parents, she finished a vocational course particularly Home Technology. She aimed to uplift their status of living so she can prepare her future and provide for her parents who are now growing old.

Due to scarcity of job opportunities, she put up a small eatery in their village selling cooked food and snacks. Since she has small capital she can only earn a net income of PHP600.00 a week which they used to meet their daily basic needs and save some for their future. She aimed to improve her small eatery and she wants to borrow additional capital from the KIVA lenders amounting to PHP6,000.00. This will used in the improvement of her business. She hopes that with this financial assistance, she can able to improve her small business and increase her income. As she have said, “ A person with faith and determination will reach his ambition."

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
  • 305
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Maria Monica additional capital for her small eatery business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 13, 2009
Listed
Oct 29, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010