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Marissa
Marissa is 39 years old and married with two children. She has had a general store in the village of Maligaya for more than six years. This is her way in helping her husband as well as improving their living situation. To earn a higher income, she is asking for a loan of 12,000 PHP for additional working capital. This will be used to purchase condiments, daily use products, assorted breads, and soft drinks, in addition to products she already offers. Hopefully, she will be able to improve their lifestyle, which is a goal other people are also aiming for. She prays for the growth of her business and hopes to be financially stable in the 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
  • 1399
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Marissa to purchase condiments, daily use products, assorted breads, and soft drinks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013