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Maria Fe
Maria Fe is a simple mother yet hardworking. She is now 40 years old and widowed for almost five years. She did not finished her college education and was engaged into early marriage. Maria Fe was not able to seek for an employment; that is why she only runs a variety store and this what occupies her daily schedule. She had been doing this for almost two years and approximately earns an income of P5,000 each month.

Maria Fe needs to earn more money to provide a good education for her two children despite being a widow. She has insufficient funds and that is why she is asking for a loan of P50,000 to buy distilled water, soft drinks, canned goods, bread, eggs, milk and sugar to sell in her store. These additional items would help increase her sales thus boost her profits.

In the future, she wants to provide a progressive life-style for her family.

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
  • 951
    View loans »
    Philippines Loans Fundraising
  • $54,434,500
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maria Fe to buy distilled water, soft drinks, canned goods, bread, eggs, milk and sugar to sell in her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 22, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 22, 2012