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Mary Ann
Mary Ann has aimed to strengthen her small variety store business to earn sufficient income for her family. She is 26 years old and has one infant-age child. She is a single parent because her boyfriend abandoned her after learning she is pregnant. Despite this, she accepted her responsibility to support her child with the help of her parents. While she takes care of her baby, she finds time to manage her small variety store. She wants to increase her product offerings to satisfy her customers' demands, but due to insufficient capital she needs an additional of PHP 20,000 to buy soft drinks, candies, breads, powder soaps, beverages and seasonings to sell. She believes that her loan will make it possible for her to improve the business.

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
  • 1262
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Mary Ann to buy soft drinks, candies, breads, powder soaps, beverages and seasonings to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013