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Marcelina
Marcelina is engaged in buying and selling fruits in the market. She has been in her business for 19 years and she usually received P10,000 monthly from it. Marcelina wants to buy more fruits to sell, but she lacks the necessary capital. Thus she is taking out this loan PHP 10,000 to buy apples, oranges and mangoes to sell in the market. She believes that her sacrifices will lead her to reach her goal, which is to increase her profit and save money for future emergency purposes.

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
  • 236
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD