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Marcela
Marcela and her husband live in a rural community. They wish to become financially stable in order to have a better way of living for their family, especially for their children. She manages a retail store while her husband cultivates their farmland. She aims to improve her store and increase her product offerings to satisfy her customers' demand. Due to insufficient capital, Marcela is requesting an additional PHP 8,000 to buy grocery items, soft drinks, fruits and vegetables to sell. She believes that her loan will be a great help for her to improve the business.

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
  • 1170
    View loans »
    Philippines Loans Fundraising
  • $54,828,800
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Marcela to buy grocery items, soft drinks, fruits and vegetables to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014