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Marites
Marites, age 33, owns and operates a shoe repair business in her village to earn an income. She has been running this venture for almost 15 years and earns a net income of PhP 300 daily.

She and her husband, who is a farmer, have been blessed with two children.

Marites is requesting a loan in the amount of PhP 10,000, which she will use to purchase nylon, shoeshine paste, and other materials needed for her shoe repair business.

Her goal is to continuously develop her business, which will allow her to earn higher profits.

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
  • 1245
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marites to purchase nylon, shoeshine paste, and other materials needed for her shoe repair business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013