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Maria
Maria is 42 years old. She finished college but could not find a better job, so she decided to build up a business in front of the elementary school.

She is a sari-sari (variety) store owner and she sells candies, soft drinks, biscuits, juice, and "pancit and sopas" (noodles and chicken dish). She usually earns here all the expenses to finance their daily needs.

She is requesting a loan amount of PHP 10,000 to buy grocery items and raw ingredients for her “pancit and sopas" to sell in her store. The people in their community are always looking for those goods and that’s why she wants to have stocks of these goods.

She hopes that her business will further grow so that she can provide for all the needs of her school-aged children and let them finish all their desired courses someday.

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
  • 304
    View loans »
    Philippines Loans Fundraising
  • $52,091,300
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Maria to buy grocery items and raw ingredients for her "pancit and sopas" to sell in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 4, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013