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Marcelo
Marcelo is a responsible father who is raising his family in a rural community. He is 37 years old and has three school-age children. He aims to educate his children and give them a better life. To do this, he prepares food and cooks and sells meats and snacks to people who live in his community. His goal is to make his business more profitable so that he can meet all of his family's needs. But due to insufficient capital, he is asking for loan of PHP 10,000 to buy ingredients such as meats, fish, vegetables and seasonings. Marcello is patent and determined, and believes that he can improve his business and his family's life in the 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
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,139,875
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marcelo to buy raw ingredients like meat, fish, vegetables and seasonings to cook and sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013