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Marivic
Motorcycle transport is the primary source of income of Marivic and her husband, Crispin, in the village of Larion Alto, Tuguegarao City. Aside from this, her husband also manages their farm while Marivic sells cosmetics in their village to earn additional income.

For the continuous development of their transport business, Marivic is requesting a loan of PHP 10,000 from Kiva lenders. This will be used for the repair and maintenance of their motorcycle that they use for their transport business so as to ensure the safety of their customers. Marivic hopes that her loan request will be granted for it will also assist her in her retailing business.

The couple are blessed with three children. The eldest is already a college graduate while the youngest is still studying. The couple hopes that their youngest child will also receive a college degree.

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
  • 1382
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 47.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Marivic to repair and maintain their motorcycle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2009
Listed
Oct 30, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010