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Marizel
Despite financial difficulty, Marizel aims to become financially stable in the future. She is 35 years old and single. She runs a general store in the community, selling different grocery items. She has been operating the business for almost ten years and usually earns a profit of PHP12,000 a month, which she utilizes for her personal use and support of her parents who are now dependent on her. She planned to increase her product offerings to satisfy her customers' demand. But due to insufficient capital, she is asking for an additional loan of PHP10,000 to buy rice, soft drinks, beverages, canned goods, noodles, soaps and seasonings for resale. Through hard work, she believes that she can able to improve the business and make it more profitable.

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
  • 264
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marizel to buy rice, soft drinks, beverages, canned goods, noodles, soaps and seasonings for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013