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Marivic
Marivic is 38 years old, married and has five children, four of whom attend school. To earn an income, she cooks and sells food for snacks and daily meals. Aside from the food vending business, she also offers rooms for rent for students. Marivic and her spouse work untiringly in order to earn income for the family. Marivic is now borrowing a PHP 30,000 to buy meat and vegetables to cook and sell, and to maintain her rental space. With this additional capital, she will improve her rental services and also offer more delicious foods and earn good profits. The additional revenue that is generated will be used for her children's education. Someday, this will lead them to a better standard of living.

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
  • 1466
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Marivic to buy meat and vegetables to cook and sell, and to maintain her rental space.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 9, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013