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Margie
Margie B. is from the village of Larion Bajo, Tuguegarao City. She is 44 years old. Margie is married and has four school-aged children. To make a living, Margie owns & operates a business venture in the manufacturing sector. While not the only means for generating revenue, the main source of income for the business comes primarily from manufacturing knives (blacksmith) and selling them in the community. Margie has been engaged in her business for over 12 years and earns approximately 4200 PHP a month for these activities.

In 2005, Margie joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Margie has successfully repaid a previous loan of 15000 PHP from ASKI. Margie is requesting a new loan of 18000 PHP which will be used to purchase raw materials to manufacture additional products. This loan will be the 7th loan taken out by Margie from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks 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 manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them 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
  • 970
    View loans »
    Philippines Loans Fundraising
  • $54,424,950
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Margie to purchase raw materials to manufacture additional products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2010
Listed
Sep 22, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2011