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Marinel
Marinel's priority in life is to provide a good education for her children. She is 40 years old, married, and together she and her husband raise their two children to be responsible and humble. She has a house rental business. She has been offering it to students for almost three years.

She is now asking for this loan in order to reconstruct another part of the house. It will help increase her income. She is asking for PHP 20,000 to buy gravel, sand, cement, and plywood to use in her house rental business. She promises to pay back her loan in full. She is praying for consistent profits from her small 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
  • 587
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marinel to buy gravel, sand, cement, and plywood to use in her house rental business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2012
Listed
May 7, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012