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Marvelyn
Marvelyn is a responsible mother who supports her husband by generating income. She is 53 years old and has seven children. Being responsible parents, they aimed to upgrade their status of living in order to satisfy their necessities and give their children a better life. In this regard, they help each other manage their furniture making business to generate sufficient income. They aimed to improve the business but they have inadequate capital. For this reason, Marvelyn is asking for a loan of PHP 12,000.00 to buy wood and materials needed in furniture making. They are hoping that this loan will enable them to improve the business and make it more profitable 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

  • $1175
    Average annual income
  • 241
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Marvelyn to buy wood and materials needed in furniture making.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2013
Listed
Apr 10, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013