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Maricel is 27 years old and is blessed with one child. She is a hardworking entrepreneur because of her child, who will soon require an education. She involves herself in managing a sari-sari store in her own house.

Maricel is borrowing PHP 10,000 to purchase more stock such as canned goods and noodles. With her own effort, she gained income and her achieved income from her store will be saved for her child's future.

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
  • 793
    View loans »
    Philippines Loans Fundraising
  • $63,345,600
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Maricel restock her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 28, 2012
Apr 17, 2012
Currency Exchange Loss:
Oct 16, 2012