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Maricel
“Time is gold” is the guiding principle of Maricel in life. Maricel is 29, married and has two children. She operates a business venture planting rice crops in their field. Maricel’s children are going to elementary and high-school.

Maricel and her husband are both farmers. They dream of their children finishing their education and becoming professionals someday. They don’t have a higher education and so can't apply for better work so as to be able to sustain their children's needs better. Farming is their only source of income. Sometimes they work as laborers on their neighbor’s farm to generate additional income for the family. The couple is striving to achieve their dream.

Maricel noticed that farm inputs on the market are costly. Her income from her previous crop is not enough to provide for her farm needs. She made a decision to borrow a loan amounting PHP 42,000 to pay for the cultivation of their farm, buy seeds and fertilizers to use. She hopes to avail of the loan and manage well the business.

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
  • 1268
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Maricel to pay for the cultivation of their farm, buy seeds and fertilizers to use.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 17, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013