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Margilyn
Margilyn lives with her husband and three children. She is thankful because her husband is a supportive and hardworking man.

Margilyn operates one hectare of rice farmland, while her husband manages their welding shop. The couple aspires to have a stable source of income some day, so they can get ahead of life and educate their youngest child.

Aside from farming and the welding shop, Margilyn also raises two hogs as their additional source of income.

By now, Margilyn is in need of additional capital to improve the growth of her crops. With regards to this situation, she is asking for a loan of PHP 30,000, which will be used to buy necessary fertilizer and insecticides.

She knows that through sustaining of essential farm supplies to her farmland, she can also obtain higher yields and better income for her family’s needs.

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
  • 301
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Margilyn to buy necessary fertilizer and insecticides for her farming business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 12, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 27, 2013