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Marites
Marites, a 39-year-old mother of three children, is married to a farmer who grows rice in their field. Maricel started a mini bakery business in the market some time ago, and upon achieving sufficient earnings established a grocery store as an additional source of family income. As her family grows, so do her household expenditures, so she and her husband work hard to meet their family's needs.



As her children prepare to enter college, education expenditures will become greater. Marites therefore wishes to expand her business into another municipality to increase her earnings. She is thus requesting a loan of P50,000 to buy grocery items such as drinks, spices, biscuits, and canned goods to sell. She hopes to expand the business soon.

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
  • 1092
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Marites to buy grocery items like drinks, spices, biscuits, and canned goods to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013