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Maribel
Maribel is 46 years old, married, and has three children. She runs a home-based variety store and carinderia (food kiosk). She has had this kind of business for 24 years, and earns about PHP 7,000 a month. She uses her income to pay for her family’s household expenditures, daily allowances and school fees of her youngest child. She wants to have more stock of groceries such as canned goods,assorted biscuits,soft drinks and some detergent soap to sell within her local community. With her determination to improve her variety store,she is seeking for additional working capital in the amount of PHP 20,000. She hopes to make her business more productive so that her expectations and dreams will be fulfilled someday.

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
  • 1246
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Maribel to buy more stock of groceries such as canned goods,assorted biscuits,soft drinks and some detergent soap for her retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013