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Marites
Marites has operated her restaurant, called a carinderia, for 2½ years. She is 27 years old and married with one child. Marites main goal in life is to increase her sales and profit. With her determination to succeed in her business career and life, Marites patiently uses new marketing strategies to attain her goal.

Marites plans to purchase more vegetables, pork, chicken and other ingredients but her capital is too low. She is asking for a loan of 10,000 PHP to further improve the quality of her restaurant, encourage customers to buy her meals and enable her to increase her income.

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
  • 1439
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marites to purchase pork, chicken, vegetables and other ingredients for her carinderia restaurant business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 23, 2013