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Marita
Marita is 52 years old and is married with seven children. To generate income, Marita is engaged in buying and selling vegetables and fruits in their village. She has been in her business for four years. Marita is happy because aside from her business, she has also managed their small sari-sari store. Right now, Marita is asking for a loan in the amount of PHP 30,000 to buy eggplant, string beans and bananas to sell. She hopes to earn a higher income this time for the purpose of financial security for her business and family.

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
  • 1142
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Marita to buy eggplant, string beans and bananas to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013