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Marites V., 40, is married and has four school-aged children. She is from the village of Alinam, a part of Cauayan City in Isabela province on the Luzon islands. Marites runs a general store from which she sells both food and daily use products to the local community. She has been engaged in her business for over ten years and earns approximately 6,000 PHP a month.

In 2007, Marites joined ASKI to gain access to its financial services. She successfully repaid a previous loan, her eighth, from ASKI. This previous loan was used to purchase additional products to sell. Marites is requesting a new loan of 20,000 PHP which will be used to purchase additional products to sell. She plans to use all additional revenue generated to improve her business.

About ASKI:

Alalay sa Kaunlaran, Inc., or ASKI, is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the central and northeastern areas. Its clients are mostly farmers, fishermen and -women, and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 289
    View loans »
    Philippines Loans Fundraising
  • $52,093,400
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Marites to purchase additional products to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Aug 18, 2010
Sep 9, 2010
Currency Exchange Loss:
Feb 15, 2011