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Margarita is married to Emilio, her business partner. They do not have any children and still wish to have a child someday. The couple is engaged in furniture making, and so far they can say their business is doing well, as they help each other.

Margarita wants to improve their business. This is why she is asking for a loan in the amount of PHP 18,000 that they can use as additional capital. They are planning to use the loan to purchase wood and other materials needed in furniture making.

Margarita has a principle in life: “You have to stick to one business and die for it if you really want to succeed.” That really shows her strong determination to work hard, for she wants to save for their 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
  • 1943
    View loans »
    Philippines Loans Fundraising
  • $61,098,225
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Margarita to purchase wood and other materials needed in furniture making.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 28, 2012
Jul 4, 2012
Currency Exchange Loss:
Dec 15, 2012