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Marilyn
Marilyn believes that "having patience and strong determination will help you to achieve your goals." She is 40 years old and chose to be a single. She aims to become successful and financially stable so that she can support financially her old parents and her niece and nephews to finish their studies.

She was chosen to be the one who will manage the school canteen. She is so happy that she has the opportunity to manage a business. She aimed to increase her product offerings to satisfy the needs of her customers. But due to insufficient capital, she is asking for a loan of PHP 50,000.00 to buy soft drinks, junk food, candies, biscuits, seasonings, and raw ingredients to be cooked and sold in the school canteen.

She is hoping that she will be successful in her business through this financial assistance.

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
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Marilyn to buy soft drinks, junk food, candies, biscuits, seasonings, and raw ingredients to be sold in the school canteen.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013