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Marivic
Marivic is from the small village of San Luis. She has had a retail store based in her home for four years and four months. The daily net profit of 450 PHP is just enough to cover the cost of her family's daily meals.

To improve her income from the store, Marivic is requesting a loan of PHP 50,000 to purchase additional stock of items such as biscuits, soft drinks, cooking oil, sugar, and other ingredients to resell. She is patient and determined to improve her business to supplement the needs of her 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
  • 1246
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Marivic to purchase additional stock of items to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 10, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013