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Margean
Margean is from the village of Sto. Tomas. She is 40 years old and is married to Teodoro. The couple is thankful because they have been blessed with two children. Margean is a responsible mother. She has engaged herself in a food selling business in their village as well as in the market. She has been running her business for over two years and earns a maximum of PHP 2,000 a week. Right now, Margean is asking for a loan in the amount of PHP 12,000 to buy spaghetti, macaroni salad, "sopas" and "pancit" to sell. Margean hopes to grow her business and secure her family's future.

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
  • 1264
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Margean to buy spaghetti, macaroni salad, "sopas" and "pancit" to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2013