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Marcelina
Marcelina is 49 years old, a married woman with four children, all of whom attend school. To make a living, her spouse is a farmer while Marcelina sells rice to the people in her village. From each sack of rice she sells, she gains about PHP 450 in profit. She would like to buy six sacks of rice to sell but she lacks sufficient funds. She is requesting a loan of PHP 8,000 to invest in her rice vending business.

Although her business is small, Marcelina would like to further improve it and someday save funds to renovate her house.

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
  • 481
    View loans »
    Philippines Loans Fundraising
  • $51,011,175
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Marcelina to buy six sacks of rice to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012