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Marcelina
Being a parent means taking on the responsibility to provide for all of the family's financial and emotional needs. Most of this responsibility is to send children to school to give them the best education for the future. Likewise, Marcelina and her husband aim to continue sending their three children to school to give them a bright future. But due to financial difficulties, they need to improve their source of income to satisfy their daily basic needs and support the education of their children.

In this regard, Marcelina wants to request an additional loan of PHP 10,000 to buy fertilizers and pesticides to sustain their rice farming business. She believes that the loan will help them to increase their production and income this coming harvest season. She hopes that in the future, their business will improve and all of their children will finish their studies.

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
  • 356
    View loans »
    Philippines Loans Fundraising
  • $50,950,400
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marcelina to buy fertilizers and pesticides to sustain rice production.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012