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Mary Grace
Mary Grace, 40 years of age, is married and blessed with four children. She has owned and operated catering services in her town for almost 15 years. She earns 25,000 PHP every month. She wants access to a loan amounting to 50,000 PHP to purchase kitchen utensils for her catering services. Mary Grace uses her profits for the educational purposes of her children.

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
  • 1122
    View loans »
    Philippines Loans Fundraising
  • $54,612,075
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Mary Grace to purchase kitchen utensils for catering services.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013