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Marivic
Marivic is 38 years old. She is married and has three children attending school. Marivic's spouse works as a local farmer. To increase the family's income, Marivic buys and sells plastics and used bottles to the people in the village where they live. She usually earns a daily profit of P200. That is used for daily meals and the needs of her children.

She is now asking for a loan of P4,000 to have additional capital to buy more used bottles, magazines, plastics and cans and sell them to the junk shop.
In the future, Marivic would like to earn consistent profits for the college education of her children.

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

  • $7,000
    Average annual income
  • 1642
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Marivic to buy more used bottles, magazines, plastics and cans to sell to the junk shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Oct 4, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012