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Magelyn
Magelyn is already 44 years old. She is married to Melvito who happens to be a "Barangay" treasurer in their village. They are blessed with four children of whom two are still studying. Their family lives on the mountainside of Capellan. Magelyn manages her direct-selling business in which she invites most of her neighbors and friends to place their orders from her Avon, Natasha and MSE brochures.

To further increase her credit line with these companies, she is requesting a loan of PHP 18,000 from Kiva lenders. Magelyn also wants to help her husband to purchase other necessary items for their farm, like fertilizers, pesticides and so on, by increasing her commissions from her direct-selling business. They are hoping to have development and growth both in her direct-selling business and in their agriculture business managed by her husband. They also hope to give their children a complete education, especially for those who are interested in studying.

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
  • 624
    View loans »
    Philippines Loans Fundraising
  • $53,367,175
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Magelyn to buy umbrella, detergents, beauty soap and shampoo for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013