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Marilou
Running a small store is the business of Marilou that she relies on for income for the daily allowance of her child. She started to operate her store eight years ago. Now, Marilou is asking for a loan of P7,000 to stock up on more grocery items for her store. This will help increase sales capacity and boost her profits, too. She will buy canned goods, soft drinks, bread and eggs to sell. She promises to pay back her loan in full. Someday, she hopes to make the business profitable for the overall welfare of the 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

  • $7,000
    Average annual income
  • 1435
    View loans »
    Philippines Loans Fundraising
  • $59,145,900
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Marilou to buy canned goods, soft drinks, bread and eggs to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012