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Maricar, 24, is a young mother of two children. She is a hard-working wife and mother who owns and manages an accessories stand. She has been operating this business for four years and she aims to lift their standard of living through her started source of income.

She is determined to work hard because her husband can not help her to financially support their family, due to an unexpected motorcycle accident that happened to him. But life must go on, Maricar said. To continue her business, she is requesting a loan of PHP 50,000 as additional capital. It will be used to buy more accessories, and stock up on plastic and kitchenwares to re-sell. She believes that through this loan she will increase her product offerings and satisfy her customers' needs. She hopes that in the future she will make the business a viable source of income, to save for the future of her two children.

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
  • 1461
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Maricar to buy more accessories, and stock up on plastic and kitchenwares to re-sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Oct 12, 2012
Oct 17, 2012
Currency Exchange Loss:
Apr 22, 2013