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Marivic
Marivic is 45 years old and married with one child. To make a living, Marivic has operated her general store for over four years. She earns about PHP 6,000 a month.

Marivic wants to expand her family business, that’s why she is taking out this loan amounting to PHP 20,000 to purchase additional stocks of groceries such as canned goods, shampoo, soap, school supplies, rice and feed to retail.

Marivic hopes to grow her general store to secure her family's future and aims to educate her child so that she will become a professional someday. Despite the hardships of life, Marivic is striving to earn and save for the familys security and comfort.

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
  • 277
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marivic to purchase additional groceries such as canned goods, shampoo, soap, school supplies, rice and feed to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2012