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Marivic
"If there's no pain, there's no gain" is a guiding principle of Marivic, a responsible housewife who is engaged in a hog-raising business in their village. She is now 39 years old, and she and her husband have three school school-aged children. They aim to earn and save, in order to continue sending their children to school, for they want them to become professionals in the future. Despite the hardships they encountered in life, they consider it as a stepping stone towards success.

Marivic aims to improve her hog-raising business to supplement her husband's income, but she has inadequate capital. Therefore, she wants to ask for an additional capital of 40,000 Philippines pesos (PHP) to buy feed, vitamins, and vaccines for her hog-raising business. She believes that she can make the business grow as she continues to manages her business.

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
  • 346
    View loans »
    Philippines Loans Fundraising
  • $52,140,900
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Marivic to purchase feed, vitamins, and vaccines for her hog-raising business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 21, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012