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Maria Linda
Maria Linda M. is from the city of Pallua Sur, Tuguegarao City. She is 38 years old. Maria Linda is married and has one school-aged child. To make a living, Maria Linda owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Maria Linda has been engaged in her business for more than six years and earns approximately 6,000 PHP a month for these activities.


In 2010, Maria Linda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria Linda has successfully repaid a previous loan from ASKI. Maria Linda is requesting a new loan of 30,000 PHP which will be used to purchase new items to expand product offering. This loan will be the second loan taken out by Maria Linda from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of the borrower's children.


About ASKI:


ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.

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
  • 282
    View loans »
    Philippines Loans Fundraising
  • $52,839,500
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Maria Linda to purchase new items to expand product offering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Nov 17, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011