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Macaria
Macaria is a diligent entrepreneur. Aside from raising hogs to sell, she also manages a retail store for income. She has been selling grocery items for over five years now and earns PHP 8,000 monthly. She has a loving husband, who is her partner in facing difficulties in life. They have four young children who attend school.

Macaria is now borrowing additional capital of PHP 21,000 to increase her merchandise. This is necessary to meet all her customers' demand for high quality and affordable prices on the commodities that she offers. She will buy eggs, noodles, biscuits, canned goods, shampoo and soap to sell in her retail store. She also will invest part of her loan in buying feed to sustain her hogs.

In the future, Macaria hopes to keep developing her businesses to earn funds for her children's education. It will also help lift her family out of poverty.

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
  • 493
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Macaria to buy eggs, noodles, biscuits, canned goods, shampoo and soap to sell in her retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013